In evaluating your financial history,lenders generally focus on which of the following?
A)Your income
B)Your credit report
C)Your FICO score
D)All of the above

Question

Quizplus · Accepted Answer

Lenders generally focus on all of the above when evaluating a borrower's financial history. Income is important because it shows the borrower's ability to repay the loan. Credit report provides a summary of the borrower's credit history and payment behavior. FICO score is a numerical representation of the borrower's creditworthiness based on their credit report. Lenders use all of these factors to determine the risk of lending to a borrower and to set the terms of the loan.

In Evaluating Your Financial History,lenders Generally Focus on Which of the Following