This week, Susan Fahy, EVP and Chief Digital Officer at VantageScore spoke with Money Life’s Chuck Jaffe on the most recent VantageScore® CreditGauge™ insights, and what they reveal about the economic recovery and who inflation seems to have impacted the most – subprime borrowers.
Within the CreditGauge analysis, in April, overall delinquencies continued to rise compared to the same period last year, and in particular, early-stage delinquencies (the 30-days past due category) are up 20% year-over-year for subprime borrowers. What the data shows us is that folks in the lower-end credit tiers, are definitely struggling — inflation has hit them the hardest.
Listen to episode below:
Listen to the full interview here: Money Life with Chuck Jaffe
Read the most recent VantageScore® CreditGauge™ insights here