"Unrecoverable" - yes an indicator of personal Bankruptcies on unsecured debt - credit cards that had super high interest rates.
"Credit" another tool of slavery in the Devil's toolbox.
Encouraging people not to save.
Encouraging people into impulsive buying.
Usury interest rates were never meant to be "repayable".
Usury is Fraud.
https://dailyhodl.com/2024/04/27/jpmorgan-chase-and-bank-of-america-suffer-4500000000-in-losses-as-unrecoverable-debt-soars-report/
JPMorgan Chase and Bank of America Suffer $4,500,000,000 in Losses As 'Unrecoverable Debt' Soars: Report - The Daily Hodl
The two largest banks in the US say they expect to lose a collective $4.5 billion from customers who are essentially unable to pay their bills.
https://dailyhodl.com/2024/04/27/jpmorgan-chase-and-bank-of-america-suffer-4500000000-in-losses-as-unrecoverable-debt-soars-report/