Yes — here are a few important credit basics that go hand-in-hand with the 5 C’s, kept simple and straight to the point 👇🏽✨ 💡 Other Credit Things You Need to Know 1. Credit is a marathon, not a sprint 2. Payment history & utilization matter most 3. Collections don’t disappear when paid 4. Not all scores are the same 5. Disputes must be accurate 6. Hard vs. soft inquiries 7. Old accounts are gold 8. Credit doesn’t equal wealth ✨ Golden Rule of Credit: Pay on time. Keep balances low. Don’t rush the process.

💳 The 5 C’s of Credit (Simply Explained) 1. Character – Do you pay your bills on time? 2. Capacity – Can you afford to repay the loan? 3. Capital – How much money do you have saved or invested? 4. Collateral – What can you offer if you don’t pay (car, house, etc.)? 5. Conditions – Why do you need the loan and what’s going on financially? Easy way to remember:👉 Trust, Income, Money, Backup, Reason The 5 C’s of Credit are used by lenders to decide whether to approve you for credit and on what terms. Here’s a clear, easy-to-remember breakdown 👇🏽✨ 💳 The 5 C’s of Credit 1️⃣ Character - Your trustworthiness as a borrower - Based on: Payment history Credit report behavior Public records (collections, bankruptcies, etc.) - Lenders ask: Do you pay your bills on time? 2️⃣ Capacity - Your ability to repay the debt - Based on: Income Employment stability Debt-to-Income ratio (DTI) - Lenders ask: Can you afford this loan? 3️⃣ Capital - Your financial stake in the deal - Includes: Savings Down payment Assets - Lenders ask: How much of your own money are you putting in? 4️⃣ Collateral - Assets used to secure the loan - Examples: Car (auto loan) Home (mortgage) - Reduces lender risk if you default 5️⃣ Conditions - The purpose of the loan and external factors - Includes: Loan type Economic conditions Interest rates - Lenders ask: Why do you need the loan, and is now a good time? 💡 Simple Way to Remember: Character = TrustCapacity = IncomeCapital = Skin in the gameCollateral = BackupConditions = The “why & when” If you want, I can: - Turn this into a credit class slide - Make it a social media post - Create a client-friendly flyer - Simplify it for beginners

The 5 fundamentals (foundations) of credit are the key factors that make up your credit score and overall credit health. Here they are in simple, clear terms 👇🏽✨ 💳 The 5 Foundations of Credit 1. Payment History (35%) 2. Credit Utilization (30%) 3. Length of Credit History (15%) 4. Credit Mix (10%) 5. New Credit / Inquiries (10%) 💡 Pro Tip (Great for Clients & Classes) Credit is about consistency, not speed. Paying on time and keeping balances low wins every time.