The S&P/Experian Consumer Credit Default Indices show the composite rate of consumer credit defaults was nine points lower at 0.9 percent. It also showed the auto loan default rate dropped 15 basis points to 0.66 percent

The data, released from the S&P Dow Jones Indices and Experian through April 2020, represent a comprehensive measure of changes in consumer credit. It showed the bank card default rate rose 29 basis points to 4.23 percent. and the first mortgage default rate fell 11 basis points to 0.66 percent.

Three of the five major metropolitan statistical areas showed lower default rates compared to last month Miami increased 11 basis points to 1.54 percent while Los Angeles rose three basis points to 0.74 percent.f the five major metropolitan statistical areas showed lower default rates compared to last month. Chicago showed the largest decrease, down 15 basis points to 1.06 percent. Dallas fell 13 basis points to 0.88 percent, while Los Angeles rose three basis points to 0.74 percent.

The table below summarizes the April 2020 results for the S&P/Experian Consumer Credit Default Indices. These data are not seasonally adjusted and are not subject to revision.