(Source: Experian plc) New York, November 17, 2015 - Data through October 2015, released today by S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, shows the composite rate at 0.94% in October, up five basis points from the previous month. The auto loan default rate was 1.00%, up eight basis points for October. The first mortgage default reported in at 0.81%, up five basis points from the previous month. The bank card default rate was the only rate to decline in October, reporting at 2.75% for the month, a decrease of two basis points. Three of the five major cities saw their default rates...
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