Are You Credit Worthy? What are the Five C’s of Credit

Five C's of Credit

As a potential loan applicant, it is important to understand the factors that lenders consider when assessing your creditworthiness. One common method used by lenders is the Five C’s of Credit, which consists of character, capacity, capital, collateral, and conditions. The Five C’s of Credit are: Character: A borrower’s credit history and personal traits, such […]