For The First Time, Americans More Likely To Pay Their Cell Phone Bill Over Car Loan

American consumers are now more likely to pay off their cell phone bill than their auto loan, a new report by PeerIQ has found. However, instead of focusing on this as a potential catalyst for more pain in the already precarious world of auto loans, the media, always the finder of silver linings, is emphasizing how this finding will boost demand for securities that are backed by cell phone purchases going forward.