Unit 5 Discussion Board.docx - This assignment has 3 parts 1 There are so many circumstances when the principles of the 5 C's of credit can be applied

Unit 5 Discussion Board.docx - This assignment has 3 parts...

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This assignment has 3 parts. 1. There are so many circumstances when the principles of the 5 C's of credit can be applied. Please name one and discuss how one of the 5 C's comes into play. 1. The 5C’s of credit are character, capacity, capital, collateral, conditions: 1. I have chosen character because someone with a good reputation for repaying what is borrowed will tell you a lot about the borrower. How well they manage their debts to their income how reliable they are in making on time payments. One instance where character plays a great deal is getting loans from a loan agency if it is a loan agency the person has used in the past and had good dealings the company is more likely to take a risk on that person based on the positive reputation they have had in the past. 2. What are some predatory lending practices?
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  • Fall '19
  • good reputation, predatory lending practices

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