{"id":458992,"date":"2021-03-16T13:22:08","date_gmt":"2021-03-16T17:22:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=458992"},"modified":"2021-03-16T13:22:08","modified_gmt":"2021-03-16T17:22:08","slug":"sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/","title":{"rendered":"S&amp;P\/Experian Consumer Credit Default Indices Show Second Straight Increase In Composite Rate In February 2021"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">All Five Major Metropolitan Areas Show Higher Rates<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">March 16, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0S&amp;P Dow Jones Indices and Experian released today data through <span class=\"xn-chron\">February 2021<\/span> for the S&amp;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 five basis points higher at 0.53%. The bank card default rate rose 21 basis points to 2.93%. The auto loan default rate was down five basis points to 0.51% and the first mortgage default rate was up five basis points to 0.37%.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1457501\/National_SP_Experian_Consumer_Credit_Default.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1457501\/National_SP_Experian_Consumer_Credit_Default.jpg\" title=\"\" alt=\"\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>All five major metropolitan statistical areas (&#8220;MSAs&#8221;) showed higher default rates compared to last month. The rate for <span class=\"xn-location\">New York<\/span> increased 34 basis points to 0.83% while <span class=\"xn-location\">Miami<\/span> rose 21 basis points to 1.16%. <span class=\"xn-location\">Los Angeles<\/span> was 12 basis points higher at 0.44%. <span class=\"xn-location\">Chicago<\/span> and <span class=\"xn-location\">Dallas<\/span> were each up two basis points, to 0.55% and 0.59% respectively. <\/p>\n<p>The table below summarizes the <span class=\"xn-chron\">February 2021<\/span> results for the S&amp;P\/Experian Consumer Credit Default Indices. These data are not seasonally adjusted and are not subject to revision.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prnsbts prnrbrs prnvab prnsbbs prntac prnpl6 prnsbls prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>National Indices<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Index<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>February 2021<br \/>\u00a0Index Level<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>January 2021<br \/>\u00a0Index Level<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>February 2020<br \/>\u00a0Index Level<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Composite<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.53<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.48<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.02<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">First Mortgage<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.37<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.32<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.84<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Bank Card<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2.93<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2.72<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3.41<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Auto Loans<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.51<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.56<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.89<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Source: S&amp;P\/Experian Consumer Credit Default Indices<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Data through February 2021<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>The table below provides the index levels for the five major MSAs tracked by the S&amp;P\/Experian Consumer Credit Default Indices.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td nowrap=\"nowrap\" class=\"prnsbts prnrbrs prnvab prnsbbs prnpl6 prnsbls prnpr6\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>MSA<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>February 2021<br \/>\u00a0Index Level<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>January 2021<br \/>\u00a0Index Level<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>February 2020<br \/>\u00a0Index Level<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">New York<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.83<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.49<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.00<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Chicago<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.55<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.53<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.21<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Dallas<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.59<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.57<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.02<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Los Angeles<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.44<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.32<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.80<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Miami<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.16<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.95<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.66<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Source: S&amp;P\/Experian Consumer Credit Default Indices<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Data through February 2021<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>For more information about S&amp;P Dow Jones Indices, please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098682-1&amp;h=2357188698&amp;u=http%3A%2F%2Fwww.spdji.com%2F&amp;a=www.spdji.com\" rel=\"nofollow noopener noreferrer\">www.spdji.com<\/a>.<\/p>\n<p>ABOUT THE S&amp;P\/EXPERIAN CONSUMER CREDIT DEFAULT INDICES<\/p>\n<p>Jointly developed by S&amp;P Dow Jones Indices LLC and Experian, the S&amp;P\/Experian Consumer Credit Default Indices are published on the third Tuesday of each month at <span class=\"xn-chron\">9:00 am ET<\/span>. 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&#8217;s consumer credit database. This database is populated with individual consumer loan and payment data submitted by lenders to Experian every month. Experian&#8217;s base of data contributors includes leading banks and mortgage companies, and covers approximately <span class=\"xn-money\">$11 trillion<\/span> in outstanding loans sourced from 11,500 lenders.<\/p>\n<p>For more information, please visit: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098682-1&amp;h=300557663&amp;u=https%3A%2F%2Fwww.spindices.com%2Findices%2Findicators%2Fsp-experian-consumer-credit-default-composite-index&amp;a=www.spindices.com%2Findices%2Findicators%2Fsp-experian-consumer-credit-default-composite-index\" rel=\"nofollow noopener noreferrer\">www.spindices.com\/indices\/indicators\/sp-experian-consumer-credit-default-composite-index<\/a>.<\/p>\n<p>ABOUT S&amp;P DOW <span class=\"xn-location\">JONES<\/span> INDICES<\/p>\n<p>S&amp;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&amp;P 500<sup>\u00ae<\/sup> and the Dow Jones Industrial Average<sup>\u00ae<\/sup>. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since <span class=\"xn-person\">Charles Dow<\/span> invented the first index in 1884, S&amp;P DJI has been innovating and developing across the spectrum of asset classes helping to define the way investors measure and trade the markets.<\/p>\n<p>S&amp;P Dow Jones Indices is a division of S&amp;P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit <i><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098682-1&amp;h=2357188698&amp;u=http%3A%2F%2Fwww.spdji.com%2F&amp;a=www.spdji.com\" rel=\"nofollow noopener noreferrer\">www.spdji.com<\/a><\/i><i>.<\/i><\/p>\n<p>ABOUT EXPERIAN<\/p>\n<p>Experian is the world&#8217;s leading global information services company. During life&#8217;s big moments \u2013 from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers \u2013 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 organizations to prevent identity fraud and crime.<\/p>\n<p>We have 17,800 people operating across 45 countries and every day we&#8217;re investing in new technologies, talented people and innovation to help all our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index. <\/p>\n<p>Learn more at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098682-1&amp;h=2707781721&amp;u=http%3A%2F%2Fwww.experianplc.com%2F&amp;a=www.experianplc.com\" rel=\"nofollow noopener noreferrer\">www.experianplc.com<\/a>\u00a0or visit our global content hub at our <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3098682-1&amp;h=1933882511&amp;u=http%3A%2F%2Fwww.experian.com%2Fblogs%2Fnews&amp;a=global+news+blog\" rel=\"nofollow noopener noreferrer\">global news blog<\/a>\u00a0for the latest news and insights from the Group.<\/p>\n<p>\n        <b>FOR MORE INFORMATION:<\/b>\n      <\/p>\n<p>\n        <b><br \/>\n          <span class=\"xn-person\">Ray McConville<\/span><br \/>\n        <\/b><br \/>\n        <br \/>North America Communications <br \/><span class=\"xn-location\">New York, USA<\/span><br \/>(+1) 212 438 1678 <br \/><a target=\"_blank\" href=\"mailto:raymond.mcconville@spglobal.com\" rel=\"nofollow noopener noreferrer\">raymond.mcconville@spglobal.com<\/a><\/p>\n<p>\n        <b><br \/>\n          <span class=\"xn-person\">Annie Russell<\/span><br \/>\n        <\/b><br \/>\n        <br \/>Experian Public Relations <br \/>(+1) 714 830 7927 <br \/><a target=\"_blank\" href=\"mailto:annie.russell@experian.com\" rel=\"nofollow noopener noreferrer\">annie.russell@experian.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY11366&amp;sd=2021-03-16\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/spexperian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021-301248642.html\">http:\/\/www.prnewswire.com\/news-releases\/spexperian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021-301248642.html<\/a><\/p>\n<p>SOURCE  S&amp;P Dow Jones Indices<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY11366&amp;Transmission_Id=202103161318PR_NEWS_USPR_____NY11366&amp;DateId=20210316\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>All Five Major Metropolitan Areas Show Higher Rates PR Newswire NEW YORK, March 16, 2021 \/PRNewswire\/ &#8212;\u00a0S&amp;P Dow Jones Indices and Experian released today data through February 2021 for the S&amp;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 five basis points higher at 0.53%. The bank card default rate rose 21 basis points to 2.93%. The auto loan default rate was down five basis points to 0.51% and the first mortgage default rate was up five basis points to 0.37%. All five major metropolitan statistical areas (&#8220;MSAs&#8221;) showed higher default rates compared to last month. The rate for New York increased 34 basis points &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;S&amp;P\/Experian Consumer Credit Default Indices Show Second Straight Increase In Composite Rate In February 2021&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-458992","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>S&amp;P\/Experian Consumer Credit Default Indices Show Second Straight Increase In Composite Rate In February 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&amp;P\/Experian Consumer Credit Default Indices Show Second Straight Increase In Composite Rate In February 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"All Five Major Metropolitan Areas Show Higher Rates PR Newswire NEW YORK, March 16, 2021 \/PRNewswire\/ &#8212;\u00a0S&amp;P Dow Jones Indices and Experian released today data through February 2021 for the S&amp;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 five basis points higher at 0.53%. The bank card default rate rose 21 basis points to 2.93%. The auto loan default rate was down five basis points to 0.51% and the first mortgage default rate was up five basis points to 0.37%. All five major metropolitan statistical areas (&#8220;MSAs&#8221;) showed higher default rates compared to last month. The rate for New York increased 34 basis points &hellip; Continue reading &quot;S&amp;P\/Experian Consumer Credit Default Indices Show Second Straight Increase In Composite Rate In February 2021&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-16T17:22:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1457501\/National_SP_Experian_Consumer_Credit_Default.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"S&amp;P\\\/Experian Consumer Credit Default Indices Show Second Straight Increase In Composite Rate In February 2021\",\"datePublished\":\"2021-03-16T17:22:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\\\/\"},\"wordCount\":749,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1457501\\\/National_SP_Experian_Consumer_Credit_Default.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\\\/\",\"name\":\"S&amp;P\\\/Experian Consumer Credit Default Indices Show Second Straight Increase In Composite Rate In February 2021 - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1457501\\\/National_SP_Experian_Consumer_Credit_Default.jpg\",\"datePublished\":\"2021-03-16T17:22:08+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1457501\\\/National_SP_Experian_Consumer_Credit_Default.jpg\",\"contentUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1457501\\\/National_SP_Experian_Consumer_Credit_Default.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"S&amp;P\\\/Experian Consumer Credit Default Indices Show Second Straight Increase In Composite Rate In February 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"S&amp;P\/Experian Consumer Credit Default Indices Show Second Straight Increase In Composite Rate In February 2021 - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/","og_locale":"en_US","og_type":"article","og_title":"S&amp;P\/Experian Consumer Credit Default Indices Show Second Straight Increase In Composite Rate In February 2021 - Market Newsdesk","og_description":"All Five Major Metropolitan Areas Show Higher Rates PR Newswire NEW YORK, March 16, 2021 \/PRNewswire\/ &#8212;\u00a0S&amp;P Dow Jones Indices and Experian released today data through February 2021 for the S&amp;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 five basis points higher at 0.53%. The bank card default rate rose 21 basis points to 2.93%. The auto loan default rate was down five basis points to 0.51% and the first mortgage default rate was up five basis points to 0.37%. All five major metropolitan statistical areas (&#8220;MSAs&#8221;) showed higher default rates compared to last month. The rate for New York increased 34 basis points &hellip; Continue reading \"S&amp;P\/Experian Consumer Credit Default Indices Show Second Straight Increase In Composite Rate In February 2021\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-16T17:22:08+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1457501\/National_SP_Experian_Consumer_Credit_Default.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"S&amp;P\/Experian Consumer Credit Default Indices Show Second Straight Increase In Composite Rate In February 2021","datePublished":"2021-03-16T17:22:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/"},"wordCount":749,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1457501\/National_SP_Experian_Consumer_Credit_Default.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/","name":"S&amp;P\/Experian Consumer Credit Default Indices Show Second Straight Increase In Composite Rate In February 2021 - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1457501\/National_SP_Experian_Consumer_Credit_Default.jpg","datePublished":"2021-03-16T17:22:08+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/#primaryimage","url":"https:\/\/mma.prnewswire.com\/media\/1457501\/National_SP_Experian_Consumer_Credit_Default.jpg","contentUrl":"https:\/\/mma.prnewswire.com\/media\/1457501\/National_SP_Experian_Consumer_Credit_Default.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-experian-consumer-credit-default-indices-show-second-straight-increase-in-composite-rate-in-february-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"S&amp;P\/Experian Consumer Credit Default Indices Show Second Straight Increase In Composite Rate In February 2021"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/458992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=458992"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/458992\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=458992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=458992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=458992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}