Automating Your Finances? Four Things to Avoid

by Nilus Mattive
Daily Reckoning

Personal debt is the highest it’s ever been in the United States but a large majority of Americans are dealing with it responsibly.

According to LendingTree, 95% of borrowers living in 100 of America’s largest cities pay their bills on time. Researchers used credit reports from the first quarter of 2018 from more than nine million of its users.

They ranked the largest 100 American cities by the percentage of people who had at least one account overdue, and found that nine out of the top 10 cities with residents most likely to pay their bills on time were west of the Rocky Mountains. The researchers can’t explain the geographic trend but they were shocked by how many people pay their bills on time.

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