Keyword Analysis & Research: credit worthy meaning

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What does it mean to be creditworthy?

Definition of creditworthy. : financially sound enough to justify the extension of credit.

What is'creditworthiness'?

What is 'Creditworthiness'. Creditworthiness is a valuation performed by lenders that determines the possibility a borrower may default on his debt obligations. It considers factors, such as repayment history and credit score.

How is creditworthiness measured?

Your creditworthiness is also measured by your credit score, which measures you on a numerical scale based on your credit report. A high credit score means your creditworthiness is high.

What affects your creditworthiness?

Your creditworthiness is also affected by the amount of debt you're carrying. Having high credit card balances can make it more difficult to have your loan applications approved. You already owe a lot of money.

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