Now Is When People Fall Behind On Bills

MoneyTips

Does your wallet take a bigger hit during the holiday season? If so, you aren’t alone. According to a recent study by LendingTree, more consumers fall behind on their bills in December than in any other month.

LendingTree reviewed anonymized credit report data from October 2017 through September 2018 and broke down the percentages of people who missed payments on any active account by month. December led the way with 7.5% of consumers missing at least one payment. October, November, and February were close behind with approximately 7.4% of consumers missing payments.

Note the correlation to holidays. October through December is the prime holiday shopping season (not everyone waits until December 24th to shop). Kali McFadden, Senior Research Analyst at

MoneyTipsDoes your wallet take a bigger hit during the holiday season? If so, you aren’t alone. According to a recent study by LendingTree, more consumers fall behind on their bills in December than in any other month.

LendingTree reviewed anonymized credit report data from October 2017 through September 2018 and broke down the percentages of people who missed payments on any active account by month. December led the way with 7.5% of consumers missing at least one payment. October, November, and February were close behind with approximately 7.4% of consumers missing payments.

Note the correlation to holidays. October through December is the prime holiday shopping season (not everyone waits until December 24th to shop). Kali McFadden, Senior Research Analyst at […]Read More

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