S&P/EXPERIAN CONSUMER CREDIT DEFAULT INDICES SHOW HIGHER RATES FOR ALL TYPES OF LOANS IN DECEMBER 2021

0

Three of the five major Metropolitan Statistical Areas (“MSAs”) posted higher default rates compared to last month. Miami recorded the largest increase, up 24 basis points to 0.97%. New York was three basis points higher at 0.33% and Los Angeles rose two basis points to 0.36%. dallas remained unchanged at 0.49% while Chicago fell one basis point to 0.44%.

The table below summarizes the December 2021 S&P/Experian Consumer Credit Default Index results. These data are not seasonally adjusted and are not subject to revision.

Index levels – National indices





Index

December 2021

November 2021

December 2020

Composite

0.40

0.37

0.46

First mortgage

0.28

0.26

0.29

Bank card

1.95

1.94

2.63

Car loans

0.49

0.44

0.64

Source: S&P/Experian Consumer Credit Default Indices

Data through December 2021

The table below provides the index levels for the top five MSAs tracked by the S&P/Experian Consumer Credit Default Indices.

Index Levels – Major MSAs





MSA

December 2021

November 2021

December 2020

New York

0.33

0.30

0.42

Chicago

0.44

0.45

0.52

dallas

0.49

0.49

0.56

Los Angeles

0.36

0.34

0.35

Miami

0.97

0.73

0.86

Source: S&P/Experian Consumer Credit Default Indices

Data through December 2021

For more information on the S&P Dow Jones Indices, please visit www.spglobal.com/spdji/en/.

ABOUT THE S&P/EXPERIAN CONSUMER CREDIT DEFAULT INDEXES

Jointly developed by S&P Dow Jones Indices LLC and Experian, the S&P/Experian Consumer Credit Default Indices are released on the third Tuesday of each month at 9:00 a.m. ET. They are designed to track the default experience of consumer balances in four key loan categories: auto, credit card, first mortgage lien and second mortgage lien. The indices are calculated based on data extracted from Experian’s consumer credit database. This database is populated with individual consumer loan and payment data submitted by lenders to Experian each month. Experian’s database of contributors includes leading banks and mortgage companies, and covers approximately $11 trillion outstanding loans with 11,500 lenders.

For more information, please visit: www.spindices.com/indices/indicators/sp-experian-consumer-credit-default-composite-index.

ABOUT THE S&P DOW JONES INDICES

S&P Dow Jones Indices is the world’s largest resource for essential index-based concepts, data and research, and is home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than in products based on indices of any other provider in the world. Because Charles Dow Invented the first index in 1884, S&P DJI innovates and expands across the spectrum of asset classes helping to define how investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential information for individuals, businesses and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.

ABOUT EXPERIAN

Experian is the world leader in information services. During life’s big moments – from buying a house or car, to sending a kid to college, to growing a business by connecting with new customers – we enable consumers and our customers to manage their data with confidence. We help individuals gain financial control and access financial services, businesses make smarter decisions and thrive, lenders lend more responsibly, and organizations prevent identity theft and crime. .

We have 17,800 people operating in 45 countries and every day we invest in new technologies, talented people and innovation to help all of our customers maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are part of the FTSE 100 index.

Learn more about www.experianplc.com or visit our global content hub on our world news blog for the latest news and insights from the Group.

FOR MORE INFORMATION:

Ray McConville
Communications North America
New York, United States
(+1) 212 438 1678
[email protected]

Annie Russell
Experian Public Relations
(+1) 714 830 7927
[email protected]

SOURCES S&P Dow Jones Indices

Share.

Comments are closed.