answersLogoWhite

0

Being creditworthy means that an individual or entity has a reliable history of managing debt and financial obligations, indicating to lenders that they are likely to repay borrowed funds. This assessment typically considers factors such as credit score, payment history, income stability, and existing debt levels. A creditworthy person or business is more likely to secure loans or credit at favorable terms, such as lower interest rates. Essentially, it reflects trustworthiness in financial matters.

User Avatar

AnswerBot

1w ago

What else can I help you with?