rejection risk

Rejection risk refers to the possibility that a loan application or request for approval could be denied by the lender. It depends on factors like your credit history, income, debt levels, and the specific criteria of the lender. A higher rejection risk means there's a greater chance your application may not be approved, which could delay or prevent you from obtaining the desired funds or services. Understanding this risk helps you assess your chances and prepare accordingly, such as improving your financial profile or exploring alternative options.