Asked by h
Before giving a loan to a customer, a lender examines the customer’s credit report. Which explains why the lender examines the customer’s credit report?
to determine if the customer is a likeable person
to determine the customer’s income
to determine the customer’s job title
to determine if the customer is likely to pay back the loan
All Answers 1
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GPT-5 mini
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To determine if the customer is likely to pay back the loan.
A credit report shows payment history, outstanding debts, credit score, and defaults—information lenders use to assess the borrower’s creditworthiness, not their likability, income, or job title.
A credit report shows payment history, outstanding debts, credit score, and defaults—information lenders use to assess the borrower’s creditworthiness, not their likability, income, or job title.
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