The 5 C's of Credit (What You Should Know Before Applying for Credit).

Written by CreditRegistry

What is a credit score and why is it important?

Written by CreditRegistry

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The 5 C's of Credit (What You Should Know Before Applying for Credit).

By CreditRegistry

Lenders attempt to mitigate the risk of lending to borrowers by performing credit analysis on customers when applying for a new credit account or loan. This analysis is based on the 5 Cs of Credit as follows: 1. Capacity Lenders must be sure that the borrower has the ability to repay the loan based on […]

What is a credit score and why is it important?

By CreditRegistry

A credit score plays a key role in a lender's decision to offer credit. Factors considered in credit scoring include repayment history, types of loans, length of credit history, and an individual's total debt. A credit score is a risk assessment tool used by lenders to determine an individual's creditworthiness. It is statistically developed and summarises all of the information relating […]

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