It always comes back to managing risk and it’s a spectrum of risk/pricing of the loan. Credit checks help the lender lower risk by knowing more about to whom they’re lending and pricing it more appropriately for that assessed risk.
It always comes back to managing risk and it’s a spectrum of risk/pricing of the loan. Credit checks help the lender lower risk by knowing more about to whom they’re lending and pricing it more appropriately for that assessed risk.
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