i think we are saying the same thing. it's not so black and white. let's do a little hypothetical scenario:

I need a car to get a job. I go to my bank and ask for a loan. The bank sees i don't have a job but i have some savings. my credit is not great but it's not terrible either. Usually they would not approve the loan because i do not show enough income to cover my loan expense. They give it to me anyways for whatever reason. this is great! i get the car, and the job. everything is good, I'm paying off the loan as promised. then one day something happens and the company i work for needs to cut staff. i get laid off. I still pay the loan off but now i can't find another job. the job market is really bad for everyone. what do i do? eventually i will have to choose between paying the loan or paying rent or feeding my family. i end up missing a payment and another while i look for another job. I never wanted to miss a payment, but i had to because of conditions that are not in my control.

life plays out like this. this is why the data on the charts help us understand how the economy is doing in some ways. if everyone is paying off their loans, then the economy is doing well. if they are not, then we're seeing some pain points that can point out trouble.