“Soft landing for economy” says VantageScore CEO on Bloomberg TV
VantageScore®

Published August 10, 2023
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Silvio Tavares, President and CEO of VantageScore, appeared on Bloomberg TV “Bloomberg Markets” to offer insights on the current state of the U.S. consumer as well as inflation and the impact of the Fed’s interest rates on credit scores.

Tavares shared that “we’re actually in for a smooth landing. If you look at VantageScore’s CreditGauge (TM), overall consumer credit utilization is actually down one percentage point from December 2022 — it’s about 52.3%. And so, what we’re seeing is consumers are managing their debt well.”

In his Bloomberg TV appearance, Silvio also offered the likelihood of a looming ‘low-income recession,’ as CreditGauge data shows delinquencies spiking most significantly for consumers earning $45,000 or less.

The Bloomberg TV full show can be found here – Bloomberg Markets Full Show (8/10/23) Silvio’s interview starts at the 39-minute mark.

VantageScore CreditGauge is a monthly analysis highlighting the overall health of U.S. consumer credit. CreditGauge is provided both as a monthly report to industry stakeholders, as well as through a series of interactive tools at VantageScore.com. Stakeholders can use the tools to execute additional queries on credit metrics and compare current levels to a pre-pandemic timeframe, starting with January 2020.

VantageScore CreditGauge™ monthly analyses can be viewed here.

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