Collecting in a Post-Pandemic Economy
Katabat
APRIL 23, 2021
In the 3 quarters from 4Q 2019 through 2Q 2020 industry reserves more than doubled, and in that time went from a generational low (1.15% in 3Q 2019) climbing to nearly 60% of the 2008 recession peak by mid-2020. It was also stunning how rapidly loan loss reserves were built. The world of credit seemed headed for some very dark days.
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