When a prospective creditor evaluates a credit application, they look for the five Cs: Character, Capital, Capacity, Collateral and Conditions. For each of the following
statements, write the letter that corresponds to each statement's specific
characteristic.
a) Character b) Capital c) Capacity d) Collateral e) Conditions
7.
Do you have a savings account?
8.
Have you used credit before?
9.
Do you own a property or another asset?
10.
Do you have a steady job?
11.
What is the state of the current economy?
12.
What are your current debts and your current living expenses?