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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 likable 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

Respuesta :

morrazaviparees
to determine if the customer is likely to pay back the loan.
saadhussain514
Correct answer choice is:

To determine if the customer is likely to pay back the loan.


There are certain factors which determines when and to whom the loan is to be lent. The most basic factors are total income, financial obligations, and the ability to repay debt.

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