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4 cards from this section. Quick, good the night before a test.
Define the term 'Character' in the context of credit.
Think about trustworthiness.
What does 'Collateral' mean?
Consider what happens if you cannot repay.
What does 'Character' refer to in the 4 Cs of Credit?
Think about trust in borrowing.
True or False: Capital represents a borrower's debt.
Consider what capital means financially.
Imagine you are applying for a loan. You have a good job and steady income but also high expenses from your family's needs. Discuss how you would present your 4 Cs to the lender.
Think about how each C supports your loan application.
Consider a scenario with a friend who has a low income but offers a valuable asset. Analyze how their Collateral might influence a lender's decision despite a poor financial background.
Focus on how risk is assessed with the 4 Cs.
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