Missed mortgage payments going toward credit cards

[marmar]

(MarketWatch) Credit card delinquencies are down. But, as Consumer Confidential columnist Jennifer Waters tells MarketWatch Radio's Adrienne Mitchell, some consumers are using money that was earmarked for their mortgages to pay down their credit card debt instead.


Listen: http://www.marketwatch.com/story/missed-mortgage-payments-going-toward-credit-cards-2011-08-19

[Renew Deal]

1. Bankruptcy Bill

[the other one]

2. Pay the mortgage first

Crédit cards are not secured - you wont lose your house for not paying.

[Bunny]

3. Maybe people want to be able to maintain their credit cards

after they're foreclosed on? :shrug: If they lose their house, it'll be a long time until they can get credit cards again.