Best Credit Card Offers specially for you

Articles  |  News  |  Tips  |   Tools
ADVERTISER DISCLOSURE
RequestCredit.com is an independent, advertising-supported web site which is compensated by the credit card issuers whose offers appear on the site. This compensation may impacts how and where the credit products appear on our site, including, the order in which they may appear within credit product lists. RequestCredit.com does not review or offer all available credit products.

Consumers prefer paying the credit card debts over mortgage payments

[Tuesday, April 12th, 2011]

The trying economic times is making customers make a tough choice between credit card dues and mortgage payments. Before economic recession struck a couple of years ago, Americans ensured they made their mortgage payments on schedule ahead of all other payments. However, today, this trend seems to have changed. As per the reports from TransUnion, an increasing number of borrowers in the United States are opting to clear off their credit card bills before considering mortgage payments.

In the last quarter of the previous year, close to 7.25% of the home owners in the United States were delinquent on mortgages but current on credit card dues. Sean Reardon, who works for TransUnion, said that though there was a drop of 7.40% as compared to the third quarter of 2010, it is 72% greater than what it was before the recession set in.

According to the reports from TransUnions, only a meager 3.03% of borrowers made their mortgage payments ahead of their credit card dues in the final quarter of 2010. This, as per reports, is the least recorded number till date.

Three groups of people were compared with each other to generate this report. While the first group was that of people who were one month delinquent on mortgages but current on credit card payments; the second group consisted of people who were current on mortgage payments by one month delinquent on credit cards and the third group was that of people who were a month delinquent on their mortgage as well as credit card payments.

Read also

Why EMV Credit Cards Will be Your New Favorite Cards
[July 13th, 2014]

If you follow credit card news, you’ve probably heard a lot about EMV cards lately, or maybe chip-and-pin cards, or contactless payment cards.

Continue reading ››

The Best Airline Credit Card Travel Perks
[June 14th, 2014]

If you are a frequent traveler, you’re probably already aware of the money-saving benefits of using your credit card to pump up your frequent flyer miles balance. Spending money on a co-branded airline credit card is an easy way to earn lots of extra miles.

Continue reading ››

Give Your Credit Report a Spring Cleaning
[April 27th, 2014]

Spring is in the air, and it’s the perfect time to clean out all the winter debris that has accumulated: dusty windowsills, weedy dead flowerbeds—and maybe a credit report damaged from holiday spending, high heating bills and car repairs.

Continue reading ››
Copyright © 2003-2014 RequestCredit.com. All Rights Reserved
RequestCredit.com strives to keep credit card information up to date and accurate. However, all the credit card information is presented without warranty and can be changed by the credit card issuers at any time. Click the "Apply online" button to see the online credit card application and to review current credit card terms and conditions. Note that RequestCredit.com can be compensated by credit card issuers when the visitors apply for a credit card through the website.
RequestCredit.com is an independent, advertising-supported web site which is compensated by the credit card issuers whose offers appear on the site. This compensation may impacts how and where the credit products appear on our site, including, the order in which they may appear within credit product lists. RequestCredit.com does not review or offer all available credit products.
Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.
Information in these articles is brought to you by RequestCredit.com Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.