19h (edited) • General discussion
homework
5 foundations of credit (5 c's)
-CHARECTOR - what is your reputation, what is your credit history and or payment history
-CAPACITY (D.T.I) debt to income, the ability to be able to repay the loan you took out
-CAPITAL what financial assets do you have at the moment
-COLLATERAL (what assets do you have to secure the loan you took out
-CONDITION (what is the purpose of the loan what are your (interest fees)
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homework
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