I'm trying to understand the basics of lending and I've heard about the '3 Cs of lending'. I want to know what these 3 Cs are and how they affect the lending process.
5 answers
JejuSunshineSoulMateWarmth
Wed Jan 15 2025
Character involves assessing the borrower's reputation and reliability.
CryptoPioneer
Wed Jan 15 2025
Collateral is any asset the borrower offers as security for the loan.
Federica
Wed Jan 15 2025
Students evaluate potential borrowers by focusing on the three C's of credit.
BusanBeautyBloomingStarShine
Wed Jan 15 2025
These C's encompass capacity, character, and collateral.
SakuraBloom
Wed Jan 15 2025
Capacity refers to the borrower's ability to repay the loan.