Banks Tighten Lending As Consumer Credit Delinquencies Rise To Pre-Pandemic Levels, According To VantageScore

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Consumer delinquencies are close to pre-pandemic levels, and that's caused banks to lend out less money, according to the VantageScore CreditGauge September 2025 report. Consumer credit and mortgage credit delinquencies are both up.

"Banks are reining in new lending, suggesting that banks are taking a more cautious posture after a strong summer and leading to originations softening across most credit products," said VantageScore Chief Digital Officer Susan Fahy.