Describe the five Cs of credit used in evaluating the creditworthiness of a credit applicant.
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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 are a Character the willingness on the part of the applicant to meet credi...View the full answer
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Related Book For 
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
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