unemployment historical data
What are the reasons for people in charge-of your credit card?
I would like to know all the reasons why people load off on your credit card. Some are obvious: unemployment * * bankruptcy if a small business up * in the mortgage payment I wonder if other ideally. as a source where someone has the answer and the data of each and every one, perhaps the historical trends that reason / factor and how it relates to the charge-offs
I think I may be confused about what a "charge-off" is. Cardholders do not charge "of their own cards … this is a decision their credit card companies …. You can never call your credit card company and tell them to load the card. Each creditor has its own criteria …. Usually when the count has been drastically due …. as more than five to six months late …. At this point, the cardholder may decide to cancel the account as noncollectable … As to why people end up in this situation, the reasons are: overspending, exorbitant interest rates, loss of revenue, uninsured medical emergencies, frivolous spending, the cost of a divorce, cash advances to support various addictions (drugs, gambling), using credit cards to pay for lifestyles they can not afford, using credit cards to pay basic living expenses, etc …
OECD Reports: World Economy Worse Than Expected
