Among the 3 Cs of credit: capacity, character, and collateral which is the most important

Ad Majorem.....Wealth Builders

In the interview with a loan assistant candidate, he told me it is capacity to pay.

For the credit analyst of a former student at Entrep who works at large universal bank, she says it is the second way out - it the collateral.  It is the great ILIT bank mentality - that just because you have large fixed asset for collateral, we can lend you whoever you are because after all we can foreclose.

At Majorem Lending, we believe it is character.  The willingness to pay and the desire to pay no matter what.  I have seen borrowers from Makati supposedly honorable businessman suing their legimate lenders to void the loan agreement.  I have seen that  at Maunlad Savings -- how mumbo jumbo of the court and lawyers made the loan agreement void.  Or some fight foreclosures on account of technicality.  These people just make life hard for them. There is no debt that is not paid.

Credit after all is belief - belief in the character and ability of the individual that he will pay.

What do you think should be the most important:  character, capacity or collateral?

As a signatory to many business agreement, I am avidly pursuing the business plans of the memorial park because I signed the joint venture agreement.

Tha is the way for wealth builders.  To be honest and practice integrity