• TranscendentalEmpire@lemm.ee
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    1 year ago

    Are you asking for internal bank documents about specific loan defaults over a certain amount?

    I mean like any evidence? A report about a rise in defaults on unsecured loans, examples of people being given huge unsecured loans, the information that has led you to believe in your own claim?

    It’s usually called a “credit card” or just a large line of credit.

    Again, having a credit limit on a single card exceeding 50k is extremely rare even for the wealthy, the same goes for personal lines of credit. I think at this point you’re just being pedantic. The vast majority of large loans are secured via collateral. With the reason being that it can be exceedingly difficult to recoup your investment in civil court.