5 C’s of credit

What is 5 C’s of credit?

5 C’s of credit meaning in finance terminology / glossary / dictionary is:
The 5 C’s of credit — character, capacity, capital, collateral, and conditions — are criteria used to assess a borrower’s creditworthiness. Character, capacity, capital, and collateral refer to the borrower’s willingness and ability to repay the debt. Conditions include the borrower’s situation as well as general economic factors.

 

reference: MortgageLoan.com

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