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S&P

Consumer Credit Default Rates Near Post-Recession Lows in August

The August 2012 S&P/Experian Consumer Credit Default Indices showed that default rates continue to decline for most loans, including the national composite, which has now declined for eight consecutive months. Most of the loan types posted their lowest rate since the end of the recession. Bank card defaults dropped to 3.77 percent in August from 3.83 percent

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