my question is based on a graph viewed at FDIC,quarterly banking profile,various issues:www.fdic.gov
Why charge-off rate of commercial credit card loans is the highest between other loans (real estate,c%26amp;i loans)
Credit cards are unsecured, meaning no property is backing it.
You don%26#039;t pay your mortgage, you lose your house. You don%26#039;t pay your car loan, you lose your car.
People mistakenly think that not paying their credit cards won%26#039;t cause them any problems.
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