Consumer Credit Default Rates Decrease in September 2015 According to the S&P/Experian Consumer Credit Default Indices Four of the Five Cities Report Default Rate Decreases in September 2015

NEW YORK, Oct. 20, 2015 /PRNewswire/ -- Data through September 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 0.89% in September, down seven basis points from the previous month. The bank card default rate was 2.77% for September, up six basis points from August. The auto loan default rate was up two basis points to 0.92%. The first mortgage and second mortgage default rates both reported decreases in September at 0.76% and at 0.47%, down eight and 10 basis points from the previous month, respectively. Four of the five...