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> What would happen is there would be no credit cards for anyone. Nobody is going to lend money to the general public at 5% for unsecured debt. What is the rat
by MuffinFlavored 4y ago
> What would happen is there would be no credit cards for anyone. Nobody is going to lend money to the general public at 5% for unsecured debt.
What is the rate of (sorry, I don't know the correct term) how often current credit card companies get "shafted"?
aka somebody runs up a $10,000 balance or whatever and then doesn't pay it
- quickthrowman 4y agoHere is the data for credit card delinquencies from the Fed: https://fred.stlouisfed.org/series/DRCCLACBS https://fred.stlouisfed.org/series/DRCCLACBS
- CallMeJim 4y agoIs 'rate of default' the term you are looking for?