which statement best describes how lenders determine borrowing conditions for a customer? they access the…

which statement best describes how lenders determine borrowing conditions for a customer? they access the customer’s credit reports. they see how large of a down payment the customer makes. they look into how much the customer has saved for emergencies. they access the customer’s work history.

which statement best describes how lenders determine borrowing conditions for a customer? they access the customer’s credit reports. they see how large of a down payment the customer makes. they look into how much the customer has saved for emergencies. they access the customer’s work history.

Answer

Brief Explanations:

Lenders use credit reports to assess a borrower's credit - worthiness, which is a key factor in determining borrowing conditions like interest rate and loan amount. Down - payment size, emergency savings, and work history are relevant but less central than credit reports for determining borrowing conditions.

Answer:

They access the customer’s credit reports.