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Author: admin | Category: Car Loan Canada | Date: 24.03.2015

Consumers may be slipping on the credit card and mortgage bills but a new study finds they're trying to keep up on the car loan. The weak economy and high unemployment have stretched the budget to the breaking point for many Americans.  Struggling to decide which bills they can pay, a new study finds a surprising number of people will go delinquent on mortgage and credit card bills before lapsing on their monthly car loans. The study looked at 4 million Americans who had at least one open auto loan, one active credit card and at least one open mortgage during 2011.  It found that there was a clear preference for keeping the car loan current, even if that meant falling behind on the other debts. TransUnion suggested there are several reasons why consumers are more worried about falling behind on their car loans. Tags: auto loan delinquency, auto loans, auto news, car loans, car news, consumer debt, consumer loans, home foreclosures, loan delinquency, loan payments, mortgage foreclosures, paul a.
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