The 7 C's of Credit Control

The 7 Cs of Credit Control Summary​

The 7 Cs of credit control are a model that assesses risk and creditworthiness by considering a variety of factors.

 

The 7 Cs are: 

• Character: The borrower's reputation and trustworthiness

• Capacity: The borrower's ability to repay the loan

• Collateral: The asset used to secure the loan

• Contribution: A factor in the credit evaluation

• Control: A factor in the credit evaluation

• Condition: A factor in the credit evaluation

• Common sense: A factor in the credit evaluation

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Lenders use the 7 Cs to assess a borrower's creditworthiness and decide whether to approve a loan application. 

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