Do you need to take out a loan but worry you’ll be rejected? Is there anything you can do to reduce the odds of rejection? Loan rejections in the US are at a record high, affecting Americans’ ability to buy cars, get mortgages, and access credit cards. Applicants can improve their chances of loan approvals by improving their credit scores, reducing credit utilization, and rebuilding their credit. Here are some of the reasons behind the increase in rejections, and some steps you can take.
How to Reduce the Risk of Loan Rejection in 2023
