When deciding whether to give a loan the lenders generally required the person applying for the loan to give a brief account for their loan and earning history.
Usually when a lender decides to give loan to a person, then it is very obvious that the Lender will try to make sure that he will get his investment back.
So he will ask the person applying for loan to give a brief account of his or her earning history and loan history.
The earning is free gives the brief account of how is the person earning in the recent time and the loan history is a clear and brief information about whether the person has repay his loan on time or not in the past.
Both these factors allow the analyze to generalize the credibility of the person applied for the loan.
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