Credit Delinquencies Rise, New Lending Slows
VantageScore provides the final snapshot of consumer credit health before the U.S. elections
Tagged: Credit
Borrowers Leaned Heavily On Credit During August
Overall loan balances rose to the highest level in more than four years
Delinquencies Jumped And New Credit Growth Stalled In July
Consumer credit utilization decreased to 51.6% down from the prior month, hitting a new four-year low.
Half Of All Loan Applicants Denied Since 2022 Rate Hikes
Bankrate survey finds 50% of Americans who’ve applied for a loan or financial product since March 2022 have been denied.
Millennial And Gen Z Borrowers Climb The Credit Tier Ladder
30% of millennials and Gen Zers moved up credit tiers within the past two years, more than older consumers.
ABA Says Credit Crunch Looms
Q4 2023 American Bankers Association Index indicates a cautious economic outlook for both consumers and businesses.
CFPB Issues Guidance On AI In Credit Underwriting
Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.
TransUnion: Mortgage Originations Near Record Low, Balances Hit Record High
In Q4 2022, originations fell 65% year over year, the largest decline since TransUnion began tracking it.
