Auto Loan Defaults Drop Featured

By Staff Writer February 19, 2020

The auto loan default rate dropped three basis points to 0.99 percent through January, according to S&P/Experian Consumer Credit Default Indices.

The report, released on Feb. 18, shows that the composite rate rose six basis points to 1.02 percent. The bank card default rate increased 33 basis points to 3.28 percent. The indices showed the first mortgage default rate rose four basis points to 0.84 percent.

Rate this item
(0 votes)
Last modified on Monday, 24 February 2020 15:05

Trending News

New-Car Loan Rates Tick Up

New-Car Loan Rates Tick Up

Apr 02, 2020 Rate: 5.00

IARA Offers Online Test Proctors

IARA Offers Online Test Proctors

Apr 02, 2020 Rate: 5.00

Prices Dip from February

Prices Dip from February

Apr 02, 2020 Rate: 5.00