Question: Finance 100 Chapter 6 Discussion INITIAL POST: For your Initial Post due by Wednesday at 11:59 PM, 300+ words: Create a fictional persona and answer

Finance 100

Chapter 6 Discussion INITIAL POST: For your Initial Post due by Wednesday at 11:59 PM, 300+ words: Create a fictional persona and answer the questions regarding the "5 C's of Credit" for their hypothetical financial life. (L06-4; Page 102 of ebook, Financial Literacy for My Life box) 1. Character: Will they repay the loan? 2. Capacity: Can they repay the loan? 3. Capital: What is their Net Worth? 4. Collateral: What if they don't repay the loan? 5. Conditions: What general economic conditions can affect their repayment of the loan? 2 Reply posts post, 300 words: Imagine you are a lender evaluating their creditworthiness for their loan. Do you approve or reject their loan, or require a co-signer? If they are approved, what actions did they likely take in their financial history to build their creditworthiness. If they are denied, what steps could they take to build their creditworthiness? Reply

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