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A good credit history is a vital tool to help you move toward financial independence and economic self-sufficiency. There are three elements – which are referred to as the three Cs of credit - that help lenders decide whether to extend a line of credit. Cash, Cars, and Coconut Oil. Capital, Capacity and Character. Cash, Character and Cars. Capital, Capacity and Cake. What are the three Cs of credit?

Nice Try… While we all may want Cash, Cars and Coconut Oil, these are not the three Cs of credit. Well give you a hint, the three Cs of Credit can include Cash but there are two more! Please try again. YES NO

While character and cash (also known as capital) can be important to ones credit, a car is not important. Please try again. Not Quite…. Honest Abe – now he was a person of good character

Nice try…. While capital (valuable assets) and capacity (your ability to repay debt) are important factors in determining whether someone extends you a line of credit, a cake is not one of the three Cs. Please try again…

Absolutely Correct! Great Job !! The three Cs of Credit are: 1) Capital – A lender will want to know if you have assets such as real estate, personal property, investments or savings to repay the debt; 2) Capacity - This refers to your ability to repay the debt. The lender will look to see if you have been working regularly in an occupation that is likely to provide enough income to support your credit; and 3) Character - From your credit history, a lender may decide whether you possess the honesty and reliability to repay a debt. For more information on the 3 Cs of Credit, visit: y/3cs.php y/3cs.php 30-Second DPN Trainings are a National Disability Program Navigator collaborative effort