Economic: USA: Consumer Credit: Default Rates

Currently, the index is portraying a consumer that has debt under control and manageable. Bank credit cards and first mortgage rates improved while auto loan default rate remained unchanged. The composite index is at 0.86 in June which is 0.03 points lower than last month, but 0.04 points higher than this time last year. Mortgage defaults are also slightly higher, year-over-year at 0.63. Auto loans have increased by 0.11 points from last year.