ABD’de kredi reddine dair oranlar yükselişte
New York Federal Reserve Bank conducts a Credit Access Survey every 4 months as part of the Consumer Expectations Survey.
New York Fed recently released the findings of the latest survey.
INCREASE IN REJECTION RATE
According to the data showing that the credit demand has largely followed a stable trend, there was an increase in the rejection rate of credit applications for various types of credit this year.
The rejection rates reported for credit card, mortgage, auto loan, credit card limit increase, and mortgage refinancing applications increased in 2024.
The reported rejection rate rose from 20.1% in 2023 to 21% in 2024 and continued to stay above the level of 17.6% in 2019.
REACHED ITS HIGHEST LEVEL
The rejection rates for auto loans and mortgage refinancing reached their highest level since 2013.
While Americans anticipate a lower probability of applying for at least one type of credit in the next 12 months, the percentage of those expecting to apply for at least one type of credit in the next year decreased from 25.9% in 2023 to 23.1% in 2024.
