Phone Payments over Auto Loans

Bloomberg reports that consumers are prioritizing mobile phone payments over their auto loans; the shift has come as mobile devices have become a platform for more than just communication; this has also caused increased interest in bonds comprised of mobile phone loans; only $7.7 billion of these bonds have been issued by Verizon, but this could increase in the coming years; Ram Ahluwalia, CEO of PeerIQ provides his perspective on this latest trend. Source