Are You Credit Worthy?

Posted by & filed under Credit Ratings, Credit Score, Five C's of Credit.

Five-C's-Credit

What are the ‘Five C’s of Credit’ The Five C’s of Credit is a method used by lenders to determine the credit worthiness of potential borrowers. The system weighs five characteristics of the borrower, attempting to gauge the chance of default. The Five C’s of Credit are: Character Capacity Capital Collateral Conditions Banks use rigorous policies and analyses when determining… Read more »