Creditworthy

Creditworthy refers to the quality of being considered eligible for credit or loans based on an individual's or organization's financial history and credit score. A creditworthy individual or entity possesses a reliable repayment capability, showcasing fiscal responsibility and low risk to lenders, making them ideal candidates for credit approval.

Creditworthy meaning with examples

When applying for a mortgage, it's crucial to demonstrate that you are creditworthy, as lenders want to know you'll reliably repay the loan based on your credit history and income stability.
The local business improved its financial practices and significantly elevated its creditworthy status, making it easier for them to secure loans for expansion and renovations.
Creditworthy individuals often enjoy lower interest rates on loans since lenders view them as safe bets for repayment, influencing their financial decisions in a favorable way.
Before granting a loan, banks thoroughly assess the applicant's creditworthiness, including reviewing credit scores, income levels, and existing debts to gauge their ability to repay.
Investors often look for creditworthy companies when considering where to allocate funds, as these organizations are less likely to default on their financial obligations, ensuring stable returns.

Creditworthy Synonyms

acceptable approved bankable creditable dependable financially sound legitimate marketable qualified reliable reputable responsible secured solvent sound stable trustworthy viable worthy worthy of credit

Creditworthy Antonyms

bankrupt defaulting dishonorable doubtful dubious insecure insolvent irresponsible poor questionable rejected risky shady unacceptable uncreditworthy unqualified unreliable unstable untrustworthy unworthy