KpopStarletShineBrightnessStarlight
Mon Jan 13 2025
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7 answers
1835
What do lenders use to check credit?
I want to know what methods or tools lenders typically use to check a person's credit history or creditworthiness when considering a loan application.
CryptoAlchemy
Mon Jan 13 2025
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7 answers
1695
What do banks and lenders use credit scores to determine?
Banks and lenders utilize credit scores to assess the creditworthiness and risk level of borrowers. These scores help determine the likelihood of a borrower defaulting on a loan and are crucial for setting interest rates, credit limits, and approving loan applications.
Sun Jan 12 2025
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6 answers
1420
Why do lenders look at credit reports?
Lenders look at credit reports to assess the creditworthiness of borrowers. They want to determine the risk involved in lending money by evaluating past credit behavior, payment history, and overall financial responsibility.
Sat Jan 11 2025
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7 answers
1922
What scores do most lenders use to determine risk?
I'm curious about the scores that lenders typically rely on to assess the risk of lending money. I want to know which factors or scores they consider most important when making decisions.
Sat Jan 11 2025
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8 answers
1846
How do lenders calculate credit scores?
I'm curious about how lenders assess my creditworthiness. Specifically, I want to know how they calculate credit scores and what factors they consider in this process.
