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Creditworthy just means that someone has paid back a loan in the past and the bank is willing to loan them more money because they did. The banks considered Henry creditworthy, so he can refinance his home.

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Creditworthy just means that someone has paid back a loan in the past and the bank is willing to loan them more money because they did. The banks considered Henry creditworthy, so he can refinance his home.

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a secured loan

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If you're creditworthy, sure!

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TRUE!

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The International Bank for Reconstruction and Development (IBRD) aims to reduce poverty in middle-income and creditworthy poorer countries by promoting sustainable development through loans, guarantees, risk management products, and analytical and advisory services.

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