So, What’s credit?
Credit is an important financing option for both business and individuals. Knowing the different types of credit instruments available, their characteristics, yields and other important credit and fixed-income topics.
5 C’s of Credit
The 5 Cs of Credit is a framework used by financial institutions and other non-bank lenders to evaluate the creditworthiness of a borrower, as well as the strength of an overall borrowing request.
Character | Capacity | Capital | Collateral | Conditions
Understanding Credit Risk
Credit is defined as one party (a creditor) providing resources to another party (the borrower) in exchange for future repayment. Credit risk is the risk that some (or all) of the repayments may not be made, and that the creditor may lose some (or all) of its principal.
Lenders employ a variety of risk rating and loan pricing tools to understand a prospective borrower’s financial health. Broadly speaking, these tools and models support the measurement and mitigation of credit risk.
The 5 Cs of credit are heavily factored into these risk rating and pricing models.
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Attorneys
Partner
Angeline Harris
From working at the prestigious Lee, Wooden & Ziegler LLP to opening her own practice in 2001, Angeline has represented Arts & Entertainment clients large and small for nearly 20 years. She made headlines in 2010 when she secured the “Kingston Woman” rights to songwriter Helen Jones and continues to provide the same dedication to all her clients. Practicing since the first internet boom, Angeline has hands-on experience with how technology affects the creative industry. Staying ahead of the law’s frequent changes is Angeline’s sixth sense.
Education
ATLANTIC LAW SCHOOL
Juris Doctor, 1997
IVY UNIVERSITY
B.A., Film & Music, 1994
Activities & Affiliations
• ABCD Bar Association, Member
• IP Law for Creatives Association, Member-at-Large
• Civil Rights Conservation, Secretary
Bar Admissions
• New York, Tennessee, California
Partner
Spencer Ingram
Spencer focuses on the various facets of law that revolve around digital media and technology, whether that’s securing patents and trademarks for wearable tech or negotiating distribution agreements for the now prolific AZL App. Prior to co-founding Harris Ingram, he managed the tech startup accounts for Lee, Wooden & Ziegler LLP. Spencer has represented and advised entrepreneurs on best legal practices for their business for over 15 years.
Education
PIERCE SCHOOL OF LAW
Juris Doctor, 1999
WORLD UNIVERSITY
B.A., Economics, 1995
Activities & Affiliations
• ABCD Bar Association, Member
• Constitutional Conservation, Member
Bar Admissions
• New York, Illinois, California
ASSOCIATE
Isabel Sonam
Isabel got her start working under Hugo Walters, Esq., director of the ABC Fashion Institute. She specializes in all things related to fashion law, whether that’s securing a trademark for a logo design or helping clients work through federal textile laws. Before joining Harris Ingram, she was an associate at fine arts practice Veronica Chin, PLLC. Isabel also represents fine artists, galleries, appraisers, and more on art litigation matters.
Education
EMPIRE LAW SCHOOL
Juris Doctor, 2002
NAMELESS UNIVERSITY
B.A., Art History, 1999
Activities & Affiliations
• ABCD Bar Association, Member
Bar Admissions
• New York, California