loan denial
Bank says no
Loan denial is a lender's refusal to approve a borrower's application for credit.
Banks and other financial institutions deny loans for various reasons: insufficient income, poor credit history, too much existing debt, or inadequate collateral.
After the loan denial, she worked on improving her credit score before reapplying.
A denial typically comes with an explanation of the factors that contributed to the decision.
- rejectionDenial of acceptance
- declinedRefused or diminished
- refusedDeclined to accept
- mortgageSecured home loan
- dream homeImagined perfect residence
credit · credit score · bad credit · application · bank · disapproved · debt · income · score · lender · financial · foreclosure · bankruptcy · underwriting · red flag · collateral · risk · fine print
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- financial biasredlining, fair lending, interest rates, approval rates, credit access
- mortgage loanslender, borrower, mortgage broker, underwriting, underwriter
- bankingbank, banks, ATM, ATMs, account
- debtdebt, creditor, owe, debtor, lender
- injusticeinjustice, inequality, discrimination, bias, prejudice
loan denialloan approval
Lender's formal acceptance
mortgage approval · approval · credit access · conditional approval · pre-approval
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