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In two to three sentences, describe how a lender uses a credit report.
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In two to three sentences, describe how a lender uses a credit report.

User Zenorbi
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Answer:

A lender uses a credit report to find out the money responsibility of someone wanting a loan. If the person wanting a loan has bed credit, it means they are less responsible and more likely to not pay back a loan on time or properly.

Step-by-step explanation:

User Trotter
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Answer:

A credit report is a detailed breakdown of an individual's credit history prepared by a credit bureau. Credit bureaus collect financial information about individuals and create credit reports based on that information, and lenders use the reports along with other details to determine loan applicants' creditworthiness. A credit report can act as a shining light into your financial background, helping reveal personal payment history and lending and credit worthiness. It can even serve as a sentinel against identity theft and consumer fraud.

Step-by-step explanation:

User Marek Dominiak
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