Apr
14
2013

National credit default rates are in line with other economic trends

The most recent release of the S&P/Experian Consumer Credit Default Indices showed national credit default rates decreased in February. The national composite* moved from 1.63 percent in January to 1.55 percent in February. First mortgage and bankcard default rates followed a similar pattern. These trends are consistent with other economic news, such as improvements in employment and continuing gains in housing.

Download our recent Webinar and take an in-depth look at consumer credit trends in 2012.

Source: Press release: National Credit Default Rates Decreased in February 2013

*The national composite is the overall consumer default rate across all products.

Share

  1. No comments yet.

  1. No trackbacks yet.