fp101_r4_appendix_c_five_cs_worksheet

fp101_r4_appendix_c_five_cs_worksheet - Using your car or...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Associate Level Material Appendix C The Five C’s Worksheet Directions: Identify the following factor descriptions to their corresponding C of credit. The five C’s are listed below: Capacity Capital Collateral Character Conditions Condition Which C? Your household cash flow helps to determine this C: Under these __________, you may still be approved with a cosigner This demonstrates how much your assets are worth.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Using your car or house as a promise to pay This makes you a better credit risk to the lender Lenders will evaluate your debt-payment ratio. The lender is taking your unique situation under consideration. Previous credit history This shows how long you have worked for your employer and if you have obtained an education. Having more at stake may make you less likely to default on a loan. FP/101...
View Full Document

This note was uploaded on 03/24/2012 for the course US 101 taught by Professor Richarddettling during the Spring '11 term at University of Phoenix.

Ask a homework question - tutors are online