The 6 Cs of credit expand upon the traditional 5 Cs, adding a sixth dimension to assess borrowers’ creditworthiness. They include Character, Capacity, Capital, Collateral, Conditions, and Credit. Credit refers to the borrower’s credit history and score, providing insights into their past repayment behavior and overall creditworthiness. Evaluating these factors collectively allows lenders to make informed decisions about extending credit and managing risk effectively.
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