Leasing Credit Approvals Improved Slightly in December

Swapalease.com - January 14, 2014

Swapalease.com said that its lease cred­it approvals were up slight­ly in Decem­ber (73.3%) com­pared with Novem­ber lev­els (70%). The over­all approvals rate on the year fin­ished at 72.7%, com­pared with a 2012 rate of 65.3%. Hol­i­day lease shop­ping from a high­er pop­u­la­tion of well-qual­i­fied lessees helped improve the cred­it approval rate from Novem­ber. His­tor­i­cal mar­ket­place trends show that a 70% cred­it approvals rate is con­sid­ered healthy for Swapalease.com.



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