CreditGauge In The News

What we see in the face of all these macroeconomic challenges is that the consumer is resilient and also rather disciplined,” said Silvio Tavares, President and CEO of VantageScore, on Bloomberg’s ‘Businessweek.’

Tavares discussed VantageScore’s rapid growth in mortgage credit scoring and the consumer’s credit discipline despite challenging economic conditions in an exclusive preview of recent data from VantageScore’s upcoming May 2026 CreditGauge analysis.

Additionally, Tavares shared that the CreditGauge analysis reported an increase in consumer lending in May 2026. The percentage of consumers with new credit cards increased 0.03% year-over-year, while the number of consumers with a new personal loan account rose 0.65% in the same time frame as many rationally finance their debt.

Tavares added that delinquency rates are stabilizing or lowering across stages and that credit utilization rates are also decreasing on a year-over-year basis. Overall, the May 2026 CreditGauge showed a healthy consumer, which is great news for the overall economy.

Finally, Tavares concluded by discussing VantageScore’s adoption into the mortgage market following approval by the Federal Housing Finance Agency (FHFA).

The largest mortgage lenders like Penny Mac, Rocket Mortgage, United Wholesale Mortgage and more are using VantageScore to enable more access to mortgages for creditworthy Americans. Millions of creditworthy consumers are going to get their first chance at homeownership.

Watch the full interview below:

Download the latest CreditGauge report here.