Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals were down slightly in November compared with October levels. The year-to-date approvals for customer credit finished November at 72.6%, compared with October levels of 72.8%.

Over the last three months, the lease credit approval rating has slipped to 67.9%, and under the 70% healthy level on the Swapalease.com marketplace. The credit approval rating has been on a downward trajectory since a 2013 high of 75.6% in July. November approvals registered 70.0% exactly, compared with 61.1% approvals in November 2012.

Since the beginning of summer, more college graduates have started shopping for a car on Swapalease.com, and the company believes a growing number of applicants feeling student loan pressures have played a larger role in the credit decline category.

“Swapalease.com has historically had a large demographic audience between thirty-five and fifty-five, but in the last few years our marketplace has appealed to other age groups that also include recent graduates,” said Scot Hall, Executive Vice President of Swapalease.com. “Credit is the lifeblood of leasing, and each bank must evaluate the credit history of each applicant interested in taking over a lease.”

Applicants who do not meet the bank approval criteria are offered credit repair options from Swapalease.com and are eligible to re-apply over time. Company officials believe the credit approvals rate will continue to shift in the coming months. However, similar to the broader automotive industry, where auto lending has improved considerably since the recession, Swapalease.com credit approvals are markedly improved compared with the last two years.

Headquartered in Cincinnati, Ohio, Swapalease.com is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. More specifically Swapalease.com matches individuals who want to get out of their lease with people who are looking for short-term lease agreements. Prospective buyers can search the listings for the exact vehicle they want, and then register for a nominal fee, allowing them to use Swapalease.com’s safe online system to contact the prospective seller and close the deal.