11% Credit Cars are 90 Days Late (Patreon)

Essentially, being 90 days late on payments often means they are unlikely ever to be paid off. Remember, once you're late, interest rates soar, and credit card companies turn into loan sharks.

Banks are going to take a significant hit from this, not just in commercial real estate, mortgages, and car loans, but now this as well.

JP has caused a substantial amount of damage, and we will see the full impact over the next 6 to 9 months.

h/t Sanjay for the imagery