Experian Reports December 22’ Auto Loan Default Rate at its Highest Since February 2020

S&P/Experian Consumer Credit Default Indices Show Higher Composite Rate For December 2022 – Auto loan default rate at its highest since February 2020

NEW YORK, JANUARY 17, 2023: S&P Dow Jones Indices and Experian released today data through December 2022 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 four basis points higher at 0.63%. The bank card default rate was 15 basis points higher at 2.77% while the auto loan default rate was up 10 basis points to 0.87%. The first mortgage default rate increased one basis point to 0.43%.

Four of the five major metropolitan statistical areas (“MSAs”) showed higher default rates compared to last month. Chicago and Miami had the largest increases, up eight basis points to 0.79% and 0.78% respectively. Dallas and Los Angeles both rose four basis points to 0.62% and 0.40% respectively. New York was down one basis point to 0.65%.

For more information about S&P Dow Jones Indices, please visit www.spglobal.com/spdji/en/. ABOUT THE

S&P/EXPERIAN CONSUMER CREDIT DEFAULT INDICES

Jointly developed by S&P Dow Jones Indices LLC and Experian, the S&P/Experian Consumer Credit Default Indices are published on the third Tuesday of each month at 9:00 am ET. They are constructed to track the default experience of consumer balances in four key loan categories: auto, bankcard, first mortgage lien and second mortgage lien. The Indices are calculated based on data extracted from Experian’s consumer credit database. This database is populated with individual consumer loan and payment data submitted by lenders to Experian every month. Experian’s base of data contributors includes leading banks and mortgage companies, and covers approximately $11 trillion in outstanding loans sourced from 11,500 lenders. For more information, please visit: www.spglobal.com/spdji/en/indices/indicators/sp-experianconsumer-credit-default-composite-index.

ABOUT S&P DOW JONES INDICES S&P

Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average® . More assets are invested in products based on our indices than products based on indices from any other provider in the world.

Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing across the spectrum of asset classes helping to define the way investors measure and trade the markets. INDEX ANNOUNCEMENT S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/ .

ABOUT EXPERIAN

Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime. We have 20,600 people operating across 43 countries and every day we’re investing in new technologies, talented people, and innovation to help all our clients maximise every opportunity.

We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index. Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group. Experian and the Experian trademarks used herein are trademarks or registered trademarks of Experian. Other product or company names mentioned herein are the property of their respective owners. FOR MORE INFORMATION: spdji.comms@spglobal.com April Kabahar Head of Communications S&P Dow Jones Indices New York, USA (+1) 917 796 3121 april.kabahar@spglobal.com Lauren Davis Americas Communications S&P Dow Jones Indices New York, USA (+1) 484 269 7118 lauren.davis@spglobal.com Annie Russell Experian Public Relations (+1) 714 830 7927 annie.russell@experian.com

Source: S&P/EXPERIAN CONSUMER CREDIT DEFAULT INDICES

Experian Reports December 22’ Auto Loan Default Rate at its Highest Since February 2020 – Experian – Credit Union Collections – Credit Union Collectors