[PeteB570]

I don’t know.

Credit Card companies seem perfectly happy with a great number of defaults. They just raise the fees on the ones who pay and go looking for more cards to give out.

[elli1]

Average retail store shrinkage is around 1.7%, so I would think that most operations would be happy to get that down to less than 1%.

Shrinkage figures are part of a company's pricing formula--losses that are made up in higher pricing. An individual company has to try to keep shrinkage as low as possible in order to remain competitive.

And obviously, Safeway & Wal-Mart can't exactly repossess the steak someone had for dinner three months ago, to point out that slightly less than one percent of secured real estate loans are in foreclosure. Less than one percent mortgage foreclosure rate is not out of the ordinary according to the rates in the link I posted at #21.