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What are the correct 5cs?

Updated: 4/26/2024
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14y ago

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The 5 C's typically refer to the key factors lenders consider when assessing a borrower's creditworthiness: capacity (ability to repay), capital (financial reserves), collateral (assets to secure the loan), character (credit history), and conditions (economic factors influencing the loan). These factors help lenders determine the risk associated with lending money to an individual or business.

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