Today we are learning about the five C’s! These are factors lenders use to analyze a borrowers credit!

• Character: A summary of your credit history and how financially reliable you are 🔎
• Capacity: The likelihood repayment is achievable 💳
• Capital: The amount invested by you, normally a down payment 💰
• Collateral: Assets you can provide should the amount not be repaid 💎
• Conditions: The purpose of the loan, the industry health, and loan specifics like length of the loan, amount, and interest rates 🚀

What big purchase are you making next? 🖤