What is credit worthiness?

• Catknight

  11 Nov 09, 18:53

  For those people who are experts in finance, please explain what is the meaning of credit worthiness?

• TrueHeart

  11 Nov 09, 19:34

  Originally posted by Catknight:

  For those people who are experts in finance, please explain what is the meaning of credit worthiness?

  Hi Catknight,

  Credit Worthiness refers to a creditor's measure of how well an individual or an organisation can clear their debts.

  Here are some factors which Credit companies will take into consideration when they measure Credit Worthiness:

  http://www.allbusiness.com/legal/consumer-law-consumer-credit-reporting/11742309-1.html

  Cheers.

• Dreamwerkz

  11 Nov 09, 19:35

  It means how high is your risk of defaulting repayment.

• Catknight

  11 Nov 09, 20:45

  does it mean if you are low paid but no debt u are worthy

• TrueHeart

  11 Nov 09, 20:51

  Originally posted by Catknight:

  does it mean if you are low paid but no debt u are worthy

  Hi Catknight,

  A lot is dependent on your credit history rather than your pay. Your pay does affect how much you credit you can get though.

  Cheers.

• 105090

  11 Nov 09, 21:05

  banks, financial institutions etc.
  remember to always pay your bills in time. never "forget" to pay them
  don't miss any installments.
  dont be a bankrupt

• Tizi Melissa Othman

  19 Nov 09, 22:21

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• TooFree

  28 Nov 09, 00:59

  That simply means one's networth.