“The average VantageScore has been steady at 701 through the end of January 2024 after dropping 1 point in July 2023. This masks a bit of a separation between consumers. The VantageScore Prime tier, which starts around a VantageScore of 620, is where banks are lending. That tier is shrinking. We’re seeing people go up or out. Some are dropping into VantageScore Subprime, and others are going up into VantageScore Superprime. That has important implications for lenders.”
VantageScore President and CEO Silvio Tavares appeared on Yahoo! Finance LIVE on March 11th to discuss the latest insights from VantageScore’s January 2024 CreditGauge™.
Watch Silvio’s full interview here:
View VantageScore’s January 2024 CreditGauge insights here: CreditGauge™