Key Takeaways
- Approval standards have become more selective.
- Demand remains present but uneven.
- Outcomes vary by credit profile.
The question exists because many consumers are noticing slower approvals and changing terms. This perception has grown alongside higher rates.
Data shows lenders are refining risk models rather than broadly pulling back. Credit remains available, but standards are more granular.
What remains uncertain is how long this selectivity lasts if economic signals soften or strengthen.
Watching delinquency trends and funding costs will provide clearer signals in the months ahead.