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The three Cs of credit

October 24, 2008 | alternatives, personal finance | Comments (0)

From this interesting column

The three Cs of credit are:

  1. Credit score (or Character, as demonstrated and measured by your credit score).
  2. Capacity to pay (your income and other resources minus other debt payments).
  3. Collateral (the car, house, tractor, or other asset attached to the loan