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What Are the Five C's of Credit

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What are the five C's of Credit?


Definitions:

Expected Income

An estimate of the amount of money an individual or entity anticipates earning over a specified period, often used for budgeting or planning purposes.

Tuition

The fee charged for instruction or teaching, typically by a school, college, or university.

Certain Income

A guaranteed or fixed amount of earnings that an individual or entity can expect to receive over a specific time period.

Uncertain Income

Income that is not guaranteed or fixed, often subject to fluctuations due to various factors such as employment status, market conditions, or performance.

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