Before giving a loan to a customer a lender checks the customer's report to determine the likelihood that the borrower will repay theloan.Aloanis when money is lent to another person with the understanding that it would be repaid, along with interest. Before agreeing to provide a borrower with a loan,lenderswill take into account the borrower's income, credit score, and degree of debt.Anyone who makes money accessible to a person or company with the intention that they would pay them back is referred to as a lender. This can be an individual, a public or private organization, or a financial institution. Payment of any interest or fees is considered repayment.To learn more aboutloansbrainly.com/question/11794123#SPJ4...

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