Terms sales - What are real and expected delinquency ratios

hi - writing this before I call a buyer who is 3 payments behind. I've postponed repossession because he has paid 1/2 his balance. I've been in credit and collections since 1980. Yes, 1980. I worked for a department store, a credit card bank, and owned a collection agency for 20 years. I know how to write a note and collect it. We write "secured" transactions but I think they behave closer to credit cards than traditional A credit mortgages. How do I gauge trends to predict portfolio performance and therefore value? What cities have the worst credit card debt behavior? https://wallethub.com/edu/cities-with-the-most-people-in-financial-distress/133346 This is just one of many sites that spin up bank data. I've been a note buyer for many years. And I'm actively looking for portfolios to buy. So I'm not "out" but I'm not full of wide eyed optimism that every buyer will pay in full. Comments? Maybe a side bar discussion?

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