Credit Evaluation School Instructor eBook - Oct 2023

Internal Use Only

The 6 P’s Are…. 1. Person (People) • Borrower • Co-Borrower • Guarantor • Related Entity 2. Purpose • What, why, and how? 3. Payment

4. Protection

• Collateral

5. Problem

• What went wrong?

6. Prospects

• Potential remedies?

• Primary, Secondary, Tertiary

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