List the "5 C's of Credit" and Explain Their Impact

question 117

Essay

List the "5 C's of Credit" and explain their impact on borrowing ability.

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Definitions:

Cognitive Methods

Techniques or processes employed to enhance learning, memory, and problem-solving, based on understanding mental functions.

Behavioral Methods

Techniques and strategies used in psychology to study and modify observable behaviors through conditioning and reinforcement.

Emotion-focused Coping

A stress management strategy where the individual seeks to reduce emotional distress by focusing on and managing their feelings about a situation.

Stress

A physical and psychological response to demands or threats, leading to various physiological and emotional reactions.