Industry News

Borrowers pay credit-card bills, let mortgages slide

Gas, groceries take precedence over loans in Q3
Published on Jan 3, 2008

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by CareyBot

While homeowners had more trouble making mortgage payments during the third quarter of 2007, credit-card delinquencies actually fell, as consumers moved to preserve their ability to buy necessities like groceries and gasoline, a report from the American Bankers Association suggests. ...

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