By Michaela White, Editor and Advisor for the NACTT Academy
When confronted with a pile of bills – mortgage payments, car payments, credit card payments, cell phone charges, medical and dental expenses and on and on – how do consumers decide which debt to pay first? Until recently, the preferred creditor has been the mortgage lender. Recent data provided by Credit Suisse indicates that by 2010 consumers began to prefer paying credit card bills before their mortgages (http://www.consumerfinance.gov/wp-content/uploads/2011 . . .
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