
What is Creditworthiness?
Creditworthiness is a measure of a person’s likelihood and ability to repay their debts. It is one of many measures a lender can use to determine if you will be approved for a new credit card, loan, or line of credit. Creditors consider several factors to figure out how big of a risk they would be taking by lending you money. The creditworthiness standards and definition may vary slightly between lenders. Some consider your income, how much you owe (liabilities),