S&P/Experian Consumer Credit Default Indices Show Default Rates Remained Stable In February 2019

NEW YORK, March 19, 2019 /PRNewswire/ — S&P Dow Jones Indices and Experian released today data through February 2019 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 rose two basis point from last month to 0.92%. The bank card default rate rose six basis points to 3.48%. The auto loan default rate remained unchanged at 0.99%. The first mortgage default rate was one basis point higher at 0.70%. Four of the major MSAs showed higher default rates compared to last month. The rate for ...

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