Your bank is certainly not a charitable organization. It really is running a business which will make ( maybe perhaps perhaps not lose) money. Consequently, when a bank lends cash it really wants to make sure that it’s going to receives a commission back. To increase the likelihood to be repaid, the financial institution would like to be sure that there clearly was enough assurance that the individual can pay straight straight back that loan and she has met such obligations before that he or. The lender must look at the 6 “C’s” of Credit each right time it generates a loan. Review each category and discover the way you build up.
- Ability to repay is considered the most critical of this six facets. Lees verder 1. The Six C’s of Credit