Question

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

Answer 1

Answer: I'm pretty sure it's the first one.

Explanation:

Answer 2

Considering the credit facility operation, the statement that best describes how lenders determine borrowing conditions for a customer is "They access the customer's credit reports."

What is Credit Report?

A credit report is a summary of an individual's credit history. It includes the personal information and how individuals make repayments to the loans they receive in the past.

Credit Reports generally have credit scores that define whether individuals have a good credit repayment history.

Hence, in this case, it is concluded that the correct answer is option A. "They access the customer's credit reports."

Learn more about the Credit report here: https://brainly.com/question/9913263