Next Boot to Drop?

It's credit card default by a landslide.  What makes this so serious is that cc debt is unsecured, which means the cc companies can chase you to the gates of hell to collect.  The actual numbers are a "closely guarded" secret but the "word" is that at least 23% of unsecured debt is delinquent, but as if everyone's bad habits shift to personal loans we find that people are using credit cards to pay mortgages they cannot afford.    Worse, the cc debt now out paces the unemployment numbers.  And we're talking more and more borrowing.

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