BUSINESS ADMINISTRATION
BUSINESS COMMUNICATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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character, charisma, capacity, and consistency
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character, capacity, capital, and conditions
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character, consistency, capital, and capacity
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capital, charisma, consistency, and conditions
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Detailed explanation-1: -The five Cs of credit are important because lenders use these factors to determine whether to approve you for a financial product. Lenders also use these five Cs-character, capacity, capital, collateral, and conditions-to set your loan rates and loan terms.
Detailed explanation-2: -Standards may differ from lender to lender, but there are four core components-the four C’s-that lender will evaluate in determining whether they will make a loan: capacity, capital, collateral and credit.
Detailed explanation-3: -The five C’s-or characteristics-of credit are character, cash flow, capital, conditions and collateral.
Detailed explanation-4: -CHARACTER – Your credit history or track record for repaying your debt. CAPITAL – The cash you have to put towards the investment. COLLATERAL – The asset used to secure the loan. CAPACITY – Your ability to repay a loan or debt-to-income ratio.