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What are the processes of credit evaluation in commercial lending?
5 cs
Define 5 cs of credit in banking terms?
The 5 C's of credit in banking terms are the following: 1. Character 2. Capital 3. Capacity 4. Collateral 5. Conditions
If a credit card was charged off 5 years ago and has since been sold to 4 collection agencies and each has reported it as bad debt do all 5 reports affect your credit or is it seen as one trade line?
All 5 reports affect your credit. Companies look at the number of negative reports on a persons credit. The number of reports will affect your credit score. Companies do this in order to: a) Get their money b) basically persuade you to pay the balance.
It is recommended to perform the 5 Cs simultaneously?
Yes. It is recommended to perform the 5 Cs simultaneously.
What are five things that may affect your credit score?
1. Payment History 2. Amounts Owed (Credit Utilization Rate) 3. Length of History 4. Credit Variance 5. New Credit
How do you get earned income credit early?
You can file a W-5 form with your employer's payroll department, and they're supposed to advance it to you in your paycheck.
What would make your credit scores low?
1) Late payments 2) Judgements 3) Too much debt (Income to Debt Ratio) 4) Closed accounts 5) "Too much" Credit 6) No credit history
Which step of the 5 cs should you follow the 5 25 rule?
Check
What portion of your income is used to calculate your eligibility for a fixed rate equity loan?
The portion of one's income that is used to calculate one's eligibility for a fixed rate equity loan range from 5-10% given the income bracket one is in and the credit history of the person.
Can you give me a sentence with economy in it?
our government economy is the 5 cs
During which step of the 5 cs should you fill out?
confirm
What are the 5-Cs?
confirm, clear, cordon, check, control
