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Today we are learning about the five C’s! These are factors ..

Published: March 30th 2023, 2:01:12 am

Today we are learning about the five C’s! These are factors lenders use to analyze a borrowers credit! - Character: A summary of your credit history and how financially reliable you are 🔎 - Capacity: The likelihood repayment is achievable 💳 - Capital: The amount invested by you, normally a down payment 💰 - Collateral: Assets you can provide should the amount not be repaid 💎 - Conditions: The purpose of the loan, the industry health, and loan specifics like length of the loan, amount, and interest rates 🚀 What big purchase are you making next? 🖤