"Credit card usage and default rate is soaring yet again."<br/><br/>"Credit card usage and default rate are soaring yet again."<br/><br/>Please let me know which of the above stated sentences is correct.<br/><br/>Thanks in advance.<img class='emoticon' style='Width:19px;Height:19px;' data-delaysrc='https://uat-englishforward-forums-backend.s3.us-west-2.amazonaws.com/Emoticons/1.gif' src='https://uat-englishforward-forums-backend.s3.us-west-2.amazonaws.com/Emoticons/1.gif' alt='Emotion: smile'/>