National Consumer Credit Default Rates Reach New Lows in May 2015 According to the S&P/Experian Consumer Credit Default Indices

 
drop in consumer credit delinquenciesThe first mortgage default rate reported a historical low, down nine basis points to 0.74%. The second mortgage default rate additionally posted a second consecutive historical low of 0.42%, down one basis point from the precedent month. The bank card default rate reported its first decrease since January 2015 with a rate of 2.98%, a decrementation of 20  points, its most immensely colossal reported decrease since October 2013.The auto loan default rate reported a historical low of 0.86%, a decrementation of eight basis points.
Miami withal reported its second consecutive decrease, down three basis points to a reported rate of 1.17%. Chicago reported its third consecutive decrease, posting a default rate of 1.00%, down five basis points from the precedent month.
Los Angeles reported the only rate increase, an incrementation of five basis points to 0.95%, its third consecutive monthly increase.
Close Popup

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Close Popup
Share This