Experian, a global information solutions company, announced that it has recently completed an analysis of consumer payment behavior in the subprime lending market. In a challenge to conventional wisdom, Experian found that subprime consumers are 30 days or more delinquent on mortgage debt more often than they are delinquent on unsecured, bankcard obligations. Historically, consumers have paid mortgage debt over bankcard debt as people traditionally view their home as their most valuable asset which should be protected at all costs.

The new findings held true only for those consumers who are in the subprime segment, defined by Experian's credit score of 620 or lower. Consumers with credit scores considered to be "prime" - above 680 - continued to follow traditional historical patterns of paying mortgage debt before bankcard debt. Other findings of Experian's analysis:

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