what is the first step if you are considering borrowing money from a lender? determine if there is an…

what is the first step if you are considering borrowing money from a lender? determine if there is an alternative to borrowing. research lenders and pick the one most likely to give you a loan. check your credit score to see if you qualify for a loan. shop around for the best interest rate. question 9/10

what is the first step if you are considering borrowing money from a lender? determine if there is an alternative to borrowing. research lenders and pick the one most likely to give you a loan. check your credit score to see if you qualify for a loan. shop around for the best interest rate. question 9/10

Answer

Brief Explanations:

Before borrowing from a lender, it's crucial to know your credit - worthiness. Your credit score determines your eligibility for a loan and the terms you'll get. So, checking your credit score first helps in understanding your position in the lending market.

Answer:

Check your credit score to see if you qualify for a loan