The average American credit score improved month-over-month following a recent decline, according to the latest data from VantageScore.

VantageScore CEO and President Silvio Tavares joins Asking For A Trend to give insight into the company's latest data and what it says about the health of the consumer.

On the current status of the consumer, Tavares comments: "We've been actually very bullish on the consumer for the most part of last year, as others were forecasting the untimely death of consumer spending. That didn't happen and the data shows us that. So overall, very, healthy average consumer. But there are segments showing some weakness. And certainly, we're seeing younger, less affluent consumers under stress. Those consumers tend to disproportionately use credit cards. And for most of the other credit credit products, we did not see an increase in delinquencies and certainly not, compared to pre-pandemic levels."

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This post was written by Nicholas Jacobino