No matter what finance you are going for, lenders will always want to ascertain a basic five fundamental elements. The finance industry refers to these as ‘the five Cs of credit’ and can be critical to the success or failure of an application.

These basic elements are aimed at painting the narrative of who you are and your history, what you want to do, and how you are going to be able to meet your obligations. This assists lenders to assess a general risk rating and minimise their…