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Bank of Doogal. 1234-5678-9012-3456. Marcie A. McDougal- Domroes. Marcie A. McDougal- Domroes. Expiration Date : 06/10. 3 C’s of Credit. In Real Life Banks Decide How Much $ They Will Let You Borrow Based On The 4 C’s
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Bank of Doogal 1234-5678-9012-3456 Marcie A. McDougal-Domroes Marcie A. McDougal-Domroes Expiration Date: 06/10
3 C’s of Credit In Real Life Banks Decide How Much $ They Will Let You Borrow Based On The 4 C’s Character (Have you been trustworthy in the past and paid back all your money you borrowed on time?)
3 C’s of Credit In Real Life Banks Decide How Much $ They Will Let You Borrow Based On The 4 C’s Character Collateral (What could you give to the bank if you don’t pay your bill? Example, a car, house, items they could sell to get their money back.
3 C’s of Credit In Real Life Banks Decide How Much $ They Will Let You Borrow Based On The 4 C’s Character Collateral Capacity (How much Income Do you Make A Month?) Will you be able to afford the monthly payment?
Name I have lived at my current address for __years. If less than 8 months how long did you live at previous address?____ A time I paid someone back money I borrowed was… Character Capacity My monthly income is… If you give me $20 credit and I don’t pay it back you can have my… Collateral
____________ Approved Credit Limit For ________________ By: Bank of Doogal