Question

what are the 5 cs of credit for individual consumers?

Explanation:

Identify the five components of creditworthiness

1. Character (credit history and reliability)
2. Capacity (ability to repay based on income and debt)
3. Capital (assets and personal net worth)
4. Collateral (assets pledged to secure the loan)
5. Conditions (purpose of the loan and economic environment)

Answer:

The 5 C's of Credit are:

1. Character
2. Capacity
3. Capital
4. Collateral
5. Conditions