CHARACTER: A.k.a. ones ‘Good Name’. CAPACITY TO PAY: Means having the income to pay the loan back with interest. CAPITAL: How much money the borrower has. COLLATERAL: Does the borrower have anything of value? (like money, a home, or jewelry). Collateral can be taken away or (repossessed) if the borrower fails to pay back the [...]
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The 6 C’s Of Credit
Posted: 07/31/2009 in Debt Warriors, Do it yourself debt settlement, The 6 C's of Credit, the six c's of credit0
