The phrase that best completes the diagram of the credit approval process is that "Lender reviews applicant's credit score"
Credit score refers the calculated score which tells about a person's creditworthiness.
Usually, an individual creditworthiness are determined through the Credit report and its database is administered by the Government.
So, the higher the credit score, the higher the rate of repayment of credit gotten.
So, after the customer fills out a credit application, the credit provider will makes researched on his/her credit score. If the score is bad, then, the credit provider will reject the application.
Therefore, the correct answer is Option C. because the phrase that best completes the diagram of the credit approval process is that "Lender reviews applicant's credit score"
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