I am not sure how to start or set up this question. Can someone help me get started with just the first principle? Assignment due tonight, and I've beens struggling all week (should have asked earlier, was waiting on peer and professor help first!)

The five principles of good credit management are: risk and reward balancing, plan for tomorrow, know the odds, manage information, and assign risk management responsibility.As a financial institution there are various products to offer. Assume your financial institution is developing a credit management policy. Using the five principles listed above, explain how your company can cover the principles for a credit card, home equity credit line, and 1st mortgage.