Today we are learning about the five C’s! These are factors ..
Added 2023-03-30 02:01:12 +0000 UTCToday 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? 🖤
