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Loan applications

Why are lenders rejecting so many applications for loans?

by Caleigh Wells
Feb 5, 2025
A report from Bankrate found that lenders rejected nearly half of all loan applications in 2024, and auto loan and mortgage refinance rejections hit record highs.
Due to a rising income-to-debt ratio, there's more risk associated with lending.
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It's getting harder to obtain loans. That's exactly what the Fed wants.

by Stephanie Hughes
Jul 18, 2023
Fewer loans means less consumer spending, and less consumer spending means lower inflation.
"Most people's financial wiggle room is pretty small, even before they have to start repaying their student loan," said Matt Schulz at LendingTree.
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