What are the three c's of credit?

Understand the Problem

The question is asking about the three key principles that are used to evaluate a borrower's creditworthiness. These principles typically refer to character, capacity, and capital.

Answer

Character, Capacity, and Collateral

The final answer is Character, Capacity, and Collateral

Answer for screen readers

The final answer is Character, Capacity, and Collateral

More Information

The three C's of credit are important criteria used by lenders to determine the creditworthiness of a borrower. Character refers to the borrower's reputation and track record for repaying debts. Capacity is about the borrower's ability to repay the loan, often evaluated through income and employment history. Collateral refers to assets that can be pledged to secure the loan.

AI-generated content may contain errors. Please verify critical information

Thank you for voting!
Use Quizgecko on...
Browser
Browser