VantageScore® Chief Strategy Officer and Chief Economist Dr. Rikard Bandebo joined Yahoo! Finance to discuss the state of consumer credit health heading into 2025 and the latest insights from VantageScore’s November 2024 CreditGauge.

During the pandemic, we saw a lot of consumers reduce their debt, but now we’re at a point where consumers have accumulated record-high amounts of credit card debt. The other thing we are seeing is that delinquency rates for credit cards have gone up about 50% over the past two years and we’re expecting that trend to follow through into 2025.

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CreditGauge is VantageScore’s monthly analysis of U.S. consumer credit health. Catch up on the latest CreditGauge insights here: https://www.vantagescore.com/lenders/credit-gauge/