In our new free webinar series “Building and Sustaining Great Credit – Understanding the 3
C’s,” you’ll learn about using credit in positive ways, establishing a good history, improving your
credit score, and maximizing your creditworthiness – known in the banking industry as the 3 C’s
We break down the three C’s of Credit in these one-hour sessions, scheduled October through
December 2022. Sign up for one today!
Character helps lenders discern your ability to repay a loan. Particularly important to character is your credit history. Your credit report will show all debts from the past 7 to 10 years, which provides insight into your ability to make on-time payments.
This refers to your ability to repay a debt and how much debt a borrower can comfortably handle. Lenders will look to see if you have been working regularly in an occupation that is likely to provide enough income to support your credit use.
Capital is savings and assets that can be used as collateral for loans. The lender will want to know if you have any valuable assets such as real estate, personal property like an automobile, or savings and investments that could be used to repay credit debts if income is unavailable.
Your credit score is a measure of factors that may affect your ability to repay credit. It’s a formula that takes into account how you’ve repaid previous loans, any outstanding debt, and your current salary.
After the webinar, you can opt to make an appointment with our financial counselors for a free Credit Assessment, which includes a Tri-Merge (Experian, Transunion, & Equifax) Credit Report. Value: $125.
Speakers may include: Credit Counseling Center staff, Bucks County Consumer Protection, auto loan officers and other credit approval authorities.
Credit Counseling Center is accredited by Council on Accreditation for Children & Family Services, Housing & Urban Development (HUD), Pennsylvania Finance Agency (PHFA), and is US Trustee Approved.