Verified Answer :

GinnyAnswer

Final answer:

Lenders rely on employment history and credit reports to evaluate borrowers' financial reliability and determine loan terms.


Explanation:

Employment history and credit reports are important to lenders as they provide crucial information about a borrower's financial responsibility and ability to repay debts.

For example, a borrower with a stable job history and a good credit score is seen as less risky compared to someone with a history of frequent job changes and poor credit.

Lenders use this information to assess the risk of lending money and to make informed decisions on whether to approve a loan, what interest rate to offer, or whether additional collateral or a cosigner is required.


Learn more about Creditworthiness and lending criteria here:

https://brainly.com/question/28541372


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