creditworthiness
Loan eligibility measure
Creditworthiness is the assessment of how likely someone is to repay borrowed money.
Lenders evaluate creditworthiness through credit scores, income, debt levels, and payment history before approving loans or credit cards: The bank questioned her creditworthiness after she missed several payments.
A person or institution deemed creditworthy gets better interest rates and loan terms.
Assigned evaluative score
- risk assessmentEvaluating likelihood of harm
- underwritingRisk evaluation and acceptance
- debt-to-incomeObligations relative to earnings
- FICOCreditworthiness rating system
payment history · financial health · risk profile · solvency · collateral · guarantor
Quality of being reliable
- reliabilityConsistent, predictable performance
- financial integrityEthical handling of money
- track recordHistory of performance
- fiscal disciplineControlled government spending
financial prudence · dependability · stability · good standing · character · responsibility · accountability · financial responsibility
rating
Assigned evaluative score
- risk assessmentEvaluating likelihood of harm
- underwritingRisk evaluation and acceptance
- debt-to-incomeObligations relative to earnings
FICO · payment history · financial health · risk profile · solvency · collateral · guarantor
trustworthiness
Quality of being reliable
- reliabilityConsistent, predictable performance
- financial integrityEthical handling of money
- track recordHistory of performance
fiscal discipline · financial prudence · dependability · stability · good standing · character · responsibility · accountability · financial responsibility · honor
- creditFICO, FICO score, subprime, subprime lending, predatory lending
- lendingloans, borrower, approval, lenders, bank loan
- Credit ReportsEquifax, Experian, TransUnion, FICO, FICO score
- credit scoresFICO score, payment history, FICO, Equifax, TransUnion
- credit termsloans, installment loan, monthly payment, interest rate, installments
- financial healthfinancial health, fiscal health, solvent, insolvent, insolvency
creditworthinesscredit risk
Potential for borrower nonpayment
bad credit · unreliability · insolvency · bankruptcy · poor credit
credit, worthiness, worth, worthy, incredible, credibility, discredit, credentials, credits