33. The 4 Cs of Credit: What You Need to Know
Balanced FI Podcast
English - January 25, 2022 07:00 - 13 minutes - 11.9 MB - ★★★★★ - 2 ratingsInvesting Business Education Self-Improvement debt debt freedom debt payoff family finance financial freedom financial independence financial security frugal medically complex personal finance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Welcome to the Balanced FI Podcast, episode 33 - The 4 Cs of Credit: What You Need to Know
Although you probably haven’t heard of them, the 4 Cs of credit are:
Capacity to pay the loan backCapitalCollateralCredit scoreImproving one or all of these areas can greatly improve your odds of being approved for a mortgage or getting a better interest rate.
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RESOURCES:
Read: The 4 Cs of Credit: What You Need to Know
Read: Do You Need a Credit Score While Debt-Free?
Resource: Loan Savings Calculator
Resource: National Foundation for Credit Counseling
SOURCES:
Source: What’s in my FICO Scores?
Source: What Is a Credit Score, and What Are the Credit Score Ranges?