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

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

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

Answer

Brief Explanations:

Lenders use credit reports to assess a borrower's credit - worthiness, which helps in determining borrowing conditions like interest rate and loan amount. A down - payment is more about the initial investment in a purchase, emergency savings and work history are not the primary factors for setting borrowing conditions compared to credit reports.

Answer:

They access the customer's credit reports.