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What Gets Paid First? TransUnion Study Finds Consumers in Most Markets Revert to Paying Mortgages Ahead of Credit Cards
CHICAGO, IL (Marketwired) - A new TransUnion study has found that, as of September 2013, consumers were once again prioritizing their mortgage payments ahead of their credit card payments. This reverses a trend that began in September 2008, when the mortgage crisis drove consumer payment preferences toward paying credit cards ahead of mortgages. The study also found that consumers have placed an emphasis on paying their auto loans before their mortgages and credit card payments -- by a wide margin -- since at least 2003.
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