S&P/Experian Consumer Credit Default Indices Show Higher Composite Rate In January 2021
Bank Card Default Rate Increase Highest Since May 2020
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NEW YORK, Feb. 16, 2021 /PRNewswire/ S&P Dow Jones Indices and Experian released today data through January 2021 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite rate was two basis points higher at 0.48%. The bank card default rate rose nine basis points to 2.72%. The auto loan default rate was down eight basis points to 0.56% and the first mortgage default rate was up three basis points to 0.32%.
/PRNewswire/ S&P Dow Jones Indices and Experian released today data through December 2020 for the S&P/Experian Consumer Credit Default Indices. The indices.
S&P/Experian Consumer Credit Default Indices Show Lower Composite Rate In November 2020
Bank Card Default Rate Lower for Sixth Consecutive Month
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NEW YORK, Dec. 15, 2020 /PRNewswire/ S&P Dow Jones Indices and Experian released today data through November 2020 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite rate was down seven basis points to 0.46%. The bank card default rate fell 24 basis points to 2.56%. The auto loan default rate rose five basis points to 0.64% and the first mortgage default rate was seven basis points lower at 0.28%.