The 5 Cs of Credit
When a bank says “No,” they usually cite “Policy Norms.” In reality, you failed a secret test.
- Character: Your “willingness” to pay, proven by your data, not your personality.
- Capacity: Your “ability” to pay, measured by your FOIR (Fixed Obligation to Income Ratio).
- Capital: How much “skin in the game” (down payment) you are bringing to the table.
- Collateral & Conditions: The “Plan B” safety net and the external economic environment.
Watch this video to learn how to pass all five “subjects” and graduate with a sanction letter.