I've been seeing the term 'CS' a lot when dealing with credit matters, but I'm not sure what it stands for or represents in the context of credit. Could someone clarify this for me?
6 answers
Paolo
Sat Nov 23 2024
The first factor is character, which refers to the borrower's reputation and trustworthiness.
Andrea
Sat Nov 23 2024
Lenders rely on five key factors to determine the loan rates and terms for borrowers.
GinsengBoostPower
Fri Nov 22 2024
Conditions, such as economic and market situations, can also influence the loan rates and terms offered.
Isabella
Fri Nov 22 2024
Capacity is another important consideration, as it assesses the borrower's ability to repay the loan.
BonsaiVitality
Fri Nov 22 2024
Capital represents the borrower's financial resources and net worth, which can affect their loan eligibility.