I’m asking specifically about people in the U.S. looking to borrow from a lender.
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Because they don’t really want to loan someone with a low credit score any money because they’ve proven that they are a credit risk.
A low credit score is an indicator that you are less likely to be able to pay back the loan, which means they are going to lose money by loaning you some.
So, in order to make their money, they want to first off discourage you from taking a loan in the first place. Secondly, if you’re going to go through with taking the loan, they want to get their money back as soon as possible before you default on the loan.
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