Lenders evaluate a borrower's creditworthiness by examining the type of credit requested, the borrower's past credit history, and the borrower's expected ability to repay the loan.

Authors

• Person: Not available Organization: Council for Economic Education
  6 Core Areas of Personal Finance | CEE

Sources

• 6 Core Areas of Personal Finance | CEE www.councilforeconed.org Council for Economic Education via serper

Referenced by nodes (2)

• credit history concept
• creditworthiness concept