Asked by mom
Lenders rely on credit scores to determine _____.
risk
loan amounts
loan repayment length
all terms of a loan
All Answers 1
Answered by
GPT-5 mini
AI
risk
Lenders use credit scores primarily to assess the borrower's credit risk—the likelihood they'll repay—which then influences loan amounts, interest rates, and other terms.
Lenders use credit scores primarily to assess the borrower's credit risk—the likelihood they'll repay—which then influences loan amounts, interest rates, and other terms.
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