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26 February, 03:11

Lenders use the three Cs to establish a person's creditworthiness. Which of these statements defines / "character/" of the three C's?.

A.) The total assets of a borrower, such as savings, investments, valuables, and property ...

B.) A borrowers financial status and ability to repay the debt from regular income ...

C.) A borrowers reliability and willingness to repay the loan ...

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  1. 26 February, 03:15
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    The correct answer is C.) A borrowers reliability and willingness to repay the loan.

    Characters deals with the honesty of the person asking for a credit. It is based on previous history and knowledge about the person, not just his/hers papers and money.
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