Texans lead the nation in auto loan payments

Texans pay about 10% more in debt payments per month than the average for borrowers nationwide, according to a new study from LendingTree. The Lone Star State also tops every other state in the country for car payments. Based on an analysis of 400,000 anonymized credit reports the company that matches home buyers with mortgage lenders determined that nationally people paid an average of about $1,597 a month, up almost 1% from last year.