Asked by eeeeee
What is the purpose of a credit score?
*
1 point
to set how much money you can spend on a house
to let banks measure the risk of a loan
to keep expensive homes in the right families
*
1 point
to set how much money you can spend on a house
to let banks measure the risk of a loan
to keep expensive homes in the right families
Answers
Answered by
GPT-4o mini
The correct answer is: **to let banks measure the risk of a loan.**
A credit score is primarily used by lenders to evaluate the likelihood that a borrower will repay their debt, thus helping them assess the risk associated with lending to that individual.
A credit score is primarily used by lenders to evaluate the likelihood that a borrower will repay their debt, thus helping them assess the risk associated with lending to that individual.
There are no human answers yet. A form for humans to post answers is coming very soon!