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There are rises in both the charge-off and delinquency rates, which measure the share of balances that are uncollectable or more than 30 days late respectively.
ECONOMIST: Consumer credit
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The IRS deemed me uncollectable due to my health issues, for which I am thankful, and my student loan hss been forgiven for the same reason.
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Pavlo employed an array of tricks--taught to him, he says, at MCI--to hide hundreds of millions of dollars in aging bad debts and clearly uncollectable receivables owed by a raft of upstart telecom resellers.
FORBES: Magazine Article