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Financial literacy

 
 
anna23
 
Reply Sun 20 Jun, 2021 02:37 pm
Of the "Five C's of Credit" which do you think is most important in determining someone's credit worthiness? Why?
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jespah
 
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Reply Sun 20 Jun, 2021 03:25 pm
@anna23,
You mean for business credit?

If so, then I would say capacity. For business credit in particular, the biggest influencer on your score is whether you pay any loans or issued credit back, and how quickly you do so. This doesn't mean the others aren't important (in particular, character, i.e. credit history is pretty vital). It's more that this certain aspect will drive a business's future.

Fascinating question. Welcome to A2K.

BTW for anyone who doesn't know what we're talking about, see:
https://cdcloans.com/wp-content/uploads/2020/12/5-Cs-of-Credit-Infographic-1.png
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