What you’re witnessing here is why the Federal Reserve saw such massive spiking in the early 2000s with Commercial Bank Delinquency Rate on Credit Card Loans (the DRCCLACBS).
Now, now, now. I know what you’re going to say “Not Eric, but Ethan is at Best Buy! Best Buy isn’t a commercial bank therefore his eventual delinquency wouldn’t be reflected in that data.”
To which I would remind you that the CitiBank Group Ltd. is actually the financing agency for Best Buy financing agreements.
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What you’re witnessing here is why the Federal Reserve saw such massive spiking in the early 2000s with Commercial Bank Delinquency Rate on Credit Card Loans (the DRCCLACBS).
Now, now, now. I know what you’re going to say “Not Eric, but Ethan is at Best Buy! Best Buy isn’t a commercial bank therefore his eventual delinquency wouldn’t be reflected in that data.”
To which I would remind you that the CitiBank Group Ltd. is actually the financing agency for Best Buy financing agreements.