Noahbrap255 Noahbrap255
  • 12-08-2022
  • Computers and Technology
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Why Cs of credit is important in the evaluation of a credit application?

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ashly1804
ashly1804 ashly1804
  • 23-08-2022

Answer:

Lenders use the 5 Cs to decide whether a loan applicant is eligible for credit and to determine related interest rates and credit limits. They help determine the riskiness of a borrower or the likelihood that the loan's principal and interest will be repaid in a full and timely manner.

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