Mortgages Causing other Delinquent Bills - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Mortgages Causing other Delinquent Bills

More and more people are pushing bills aside to make sure their mortgage gets paid.

One in four households across the country reports being delinquent on at least one bill, for at least 30 days.

Online Resources Corporation recently released a survey of U.S. Citizens regarding our current mortgage situation and how it affects other bill collecting agencies.

They found that more people are pushing back certain bills to ensure their mortage payment is paid on time.

A local financial expert we spoke with says that trend isn't surprising.

"You want to make your mortgage payment, because if you don't make that the penalties are pretty substantial compared to a credit card or car payment," said Bill Hall of Edward Jones Investments. 

Scott's Flowers allows their customers to make monthly payments.

They acknowledge that people are delinquent on their payments, but that's something they just have to deal with.

"We just have to be patient. We understand that there are a lot of people struggling with that," said Alberta Reinbold.

It's a problem that plagues many local businesses, and it hurts them more quickly than a larger company.

"A small businessman is going to be at a significant disadvantage in that they don't have as much money coming in. They don't have quite the margin that a large bank or institution would have, as far as losses go," said Hall.

Here are some of the findings of the survey, as listed in the Austin Business Journal.


  • One out of four households report being delinquent on at least one bill, by 30 days or more.

  • If forced to chose between which bills to pay, 98 percent of households would likely pay their mortgage first.

  • Credit card, phone, healthcare, utility and loan payments are among the groups of bills that are least likely to be paid.



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