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.
In June, we saw an increase in new originations across all products. Lenders are willing to extend credit to creditworthy borrowers; it’ll be interesting to see if that continues. It’s a high interest rate environment that’s appealing to lenders as well. There are plenty of creditworthy borrowers, and banks are actioning that.
Listen to the episode below. Susan’s segment begins at the 19:16 mark.
Listen to the full interview here: Money Life with Chuck Jaffe
Read the most recent VantageScore® CreditGauge™ insights here.