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.
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