Debt Payment Priority

Prior to the beginning of the recession, the debt payment priority was “mortgage #1 and everyone else second.” During those times, the thinking was that a roof over one’s head was the most important thing.

Today, however, the trend has changed … a lot. According to a recently-released study by TransUnion, it’s changed to the point where, in all 50 United States, paying off the auto loan is the clear most-important choice. Mortgages fell all the way to third, as credit cards also bypassed them. Read More