1. 5 C’s of Credit
Take Charge

2. -Good or bad payment history -Credit Score -Public Records -Criminal -Courts
Character

3. -Stable Job History -Consistent pay -Seasonal -Commissions -Hourly -Salary -Bonuses -Level of pay -Is it high enough for item to be purchased?
Capacity

4. -Valuable home that is owned and in good condition
-Valuable home that is owned and in good condition. -Car that is owned: paid off -Valuable collectibles that could be sold -Art -Guns -etc
Collateral

5. -Do they have any savings accounts -Do they have other investments that are liquid -Mutual Funds -Stocks -CDs -Do they have other financial accounts? -IRA -401K -Life Insurance
Capital

6. -Adverse change in the industry they work in -Adverse change in the property to be purchased with the credit -Employer announcements of problems -Divorce, Child Support Payments, Alimony -Pending Lawsuits
Conditions