February 2024 CreditGauge
Consumers Continued to Move “Up or Out” as VantageScore Prime Credit Tier Contracted By 1.1% Year Over Year: VantageScore CreditGauge™ February 2024
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What Is CreditGauge?

Consumer credit industry stakeholders need timely data insights and analysis in order to inform decisions and strategies, a function that becomes even more challenging as the macroeconomic climate becomes increasingly volatile.
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Benchmarking
CreditGauge provides Chief Risk Officers with benchmarking data to assist with measuring portfolio performance.
Transparency
Delivering on our commitment to transparency and education, CreditGauge is a downloadable report (PDF) supplemented with a series of interactive tools that examines both broad consumer credit health as well as key credit behaviors that help determine risk.
Timely Data

CreditGauge provides critical insights including the US Consumer average VantageScore® credit score, as well as key consumer credit metrics that underpin the VantageScore® credit scoring model such as delinquencies, balance-to-loan ratios, and new account openings. Consumer credit trends are provided at a national level as well as by generation, by income class and loan types (e.g. credit card, personal loans, auto loans and mortgages).

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Average VantageScore® 4.0 Credit Score by State
Delinquency Trends
Newly Opened Accounts Trend
Average Balance-to-Loan (BTL) Ratio Trend

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CreditGauge Data Dictionary

Average VantageScore® 4.0 Credit Score

The average VantageScore® credit score provided in this analysis is a monthly average and it is compared to the same period prior year to measure change.

Products

The products included in this analysis are: Auto (Loans + Leases), Mortgage, Credit Card, and Personal Loan.

Delinquency Rates

Delinquency rates are calculated as a percentage of DPD (Days Past Due) balance compared to total open and active balance. Delinquency buckets provided are 30 – 59 DPD (Days Past Due), 60 – 89 DPD (Days Past Due), and 90 – 119 DPD (Days Past Due).

Utilization Rate / Balance-To-Loan Ratio

BTL ratio reflects the average consumer balance-to-loan amount on open and active accounts in Auto, Personal Loan and Mortgage products. Credit Card Utilization rate is the sum of all outstanding balances divided by the total credit limits.

Percentage of newly opened accounts

The percent of newly opened accounts reflects the percentage of consumers that had at least one account opened in the past month.

Age Groups

The Age Groups used in this analysis are industry standards. Silent (1928-1945), Boomers (1946–1964), Gen X (1965–1980), Millennials (1981-1996), and Gen Z (1997 +).

Previous CreditGauge Reports

January 2024

VantageScore CreditGauge™ Shows More Consumers Dropped to VantageScore Subprime Credit Tier in January 2024

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December 2023

VantageScore CreditGauge™ Shows Consumer Credit Delinquencies Rose Again in December 2023

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November 2023

VantageScore November 2023 CreditGauge™ Shows Holiday Spending “Credit Hangover” Increasingly Likely

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October 2023

October 2023 VantageScore CreditGauge™ Shows Higher Year-Over-Year Credit Card Delinquencies and Balances, Indicating Modest Holiday Sales

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September 2023

VantageScore CreditGauge™ September 2023 Credit Trends: Overall Delinquencies Increased to New 12-Month High

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August 2023

VantageScore CreditGauge August 2023: Credit Card Originations Rose Despite Increase in Consumer Delinquencies

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July 2023

VantageScore July 2023 CreditGauge™ Shows Higher Delinquency Rates Persisted as U.S. Consumers Spent Carefully and Continued to Manage Debt Levels

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June 2023

VantageScore CreditGauge™ Shows U.S. Consumers Used Credit Cautiously in June 2023 as Delinquency Rates Rose and Stayed Elevated from a Year Ago

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May 2023

VantageScore CreditGauge™ Shows Delinquencies Rising Year-Over-Year in May Across All Credit Products, Days Past Due Categories

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April 2023

VantageScore’s CreditGauge Suggests Trouble May Be Ahead for Subprime Borrowers as Delinquencies Rise

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    Notice to Users

    NOTICE TO USERS: All data and information provided in and by CreditGauge powered by VantageScore™ is for informational purposes only and should not be relied upon for financial, marketing, legal, technical, or other purpose or advice. Users are responsible for compliance with all applicable laws and regulations when using such data and information, including fair lending laws. Depictions of default levels are not a guarantee of any future performance.

    Please review Terms of Use before using or accessing CreditGauge. CreditGauge is provided ‘’as is’’ and on an ‘’as-available’’ basis. VantageScore has no obligation to update any of the data and information provided in and by CreditGauge.

    The information and data provided in and by CreditGauge (other than third-party information) and their arrangement, are copyright ©2024 by VantageScore Solutions, LLC. All rights reserved. Subject to the Terms of Use, CreditGauge and the information contained herein may be used solely for personal, informational, and noncommercial purposes or, if you are a VantageScore-authorized entity, for internal business purposes. Except as otherwise provided, you may not modify, copy, distribute, transmit, post, display, perform, reproduce, publish, license, create derivative works from, transfer, or sell any pages, data, information, software, products, or services obtained from or through CreditGauge unless you have obtained the prior written permission of VantageScore.

    Views and Opinions: CreditGauge represents the views and opinions of VantageScore and does not necessarily reflect or represent the views and opinions of its affiliates and owners including the Nationwide Credit Reporting Agencies (NCRAs - TransUnion, Equifax, and Experian).