Usage of Conventional Credit Sources dining Table 3 provides summary data for three kinds of unsecured debt: general-purpose bank-issued charge card debt, shop personal credit card debt, and customer finance loans. The average credit card balance is $3,651, with about 57 percent of observations having a positive credit card balance across all consumers and quarters. 14 Because pay day loan borrowers are usually to stay in the underside end of this credit-risk-score distribution (see Bhutta, Skiba, and Tobacman 2015), we…