The five Cs of credit is a system used by lenders to gauge the creditworthiness of potential borrowers, consisting of a quintet of characteristics. The first C is character—reflected by the applicants credit history. The second C is capacity—the applicants debt-to-income ratio. The third C is capital—the amount of money an applicant has. The fourth C is collateral—an asset that can back or act as security for the loan. The fifth C is conditions—the purpose of the loan, the amount involved, and prevailing interest rates. Join @ANMOLVACHAN1 551 viewsedited 11:26
