Bank Card and Composite Rate at Lowest Levels Since 2004
NEW YORK, SEPTEMBER 21, 2021: S&P Dow Jones Indices and Experian released today data through August 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 one basis point lower at 0.39%. The bank card default rate fell 16 basis points to 2.35%. The auto loan default rate was up three basis points to 0.34% and the first mortgage default rate was unchanged at 0.27%.
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