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Morning Mortgage Meltdown: You're Doing it Wrong

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With all the debts Americans are facing today, it can be tough to choose which one to pay off first! Turns out troubled borrowers are more likely to pay off their credit cards and cars before their home loans, according to a new study by credit rating agency Equifax. Another drop in the overflowing foreclosure bucket. “Of course, the mortgage should be the first priority,” says Equifax VP. “But how can you tell someone that, if they don’t have food or heat or lights?” [NY Times]