I think Samee is very realistic on things happening which I can confirm still sitting on over 800 loans (more going out then in lately) with 12 written off, 11 in collection and 44 in areas.
However the recovery of written off loans was not too bad at all so far with <$500 lost incl. recovery cost, $200 of them from unsecured currently sitting on 4.5% of them over my portfolio and $220T invested.

Yeah, inflation is a big issue. No half way secure invest option would be capable to cope with those recent retail price rises. In (yet European) war times the stock market would be a no go anyway either. As Samee said it very right, people are loosing their jobs for mentioned reasons despite huge labor demand and loans are increasingly going into areas.

I'm running a 9.5 - 10% reported NAR which is my goal and I am very happy with it.