Explain the five Cs of credit and how they relate to individual creditworthiness.
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Five Cs of credit
The five Cs of credit is a system used by lenders to gauge the creditworthiness of potential borrowers. The system weighs five characteristics of the borrower and conditions of the loan, attempting to estimate the chance of default and,...
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The five Cs of credit to determine creditworthiness include the following 1 Character reflects stabi...View the full answer
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Related Book For 
Personal Finance Turning Money into Wealth
ISBN: 978-0133856439
7th edition
Authors: Arthur J. Keown
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