Ummm… the 3 C’s of “credit” do not include “credit.” That would be just a bit redundant. The 3 C’s of credit, as I stated previously, are in fact: Character, Capacity and Collateral. When you find a lenders training manual that includes “credit” as one of the 3 C’s of credit, I’ll be eager to see it.[/quote]
I admit I was wrong. (How often does that happen on piggington. LOL) The google doesn’t lie. Most of the links referred to Character.
If I google under “3 C’s of credit” it definitely skews to “character”. However, if I google under “3 C’s of underwriting” or “3 C’s of lending” it tends to refer more to credit or credit reputation rather than character for the “c”.
Here’s a link to Freddiemac – no mention of character.
