• Wed. May 12th, 2021

S&P/Experian Consumer Credit Default Indices Show Lower Composite Rate in April 2020

S&P/Experian Consumer Credit Default Indices Show Lower Composite Rate in April 2020

NEW YORK, NY (STL.News) S&P Dow Jones Indices and Experian released today data through April 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 nine basis points lower at 0.90%.  The bank card default rate rose 29 basis points to 4.23%.  The auto loan default rate dropped 15 basis points to 0.66% and the first mortgage default rate fell 11 basis points to 0.66%.

Three of the five major metropolitan statistical areas (“MSAs”) showed lower default rates compared to last month. Chicago showed the largest decrease, down 15 basis points to 1.06%.  Dallas fell 13 basis points to 0.88%, while New York dropped four basis points to 0.95%.  Miami increased 11 basis points to 1.54% while Los Angeles rose three basis points to 0.74%.

NOTE: this is NOT the complete report

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Marty Smith

Marty Smith

Marty Smith is the acting Editor in Chief as well as the founder of STL.News, DirectSourceNews.org, and St. Louis Restaurant Review. Additionally, Smith is the IT Manager responsible for STL.News and affiliate sites. Smith has created multiple aggregator sites to manage the large amount of content used to select which content to published on STL.News. As Editor in Chief, Smith is responsible for the content posted on the network with the help of the publishing team, which is located around the globe.