creditworthiness

English - Turkish

Definition of creditworthiness in English Turkish dictionary: (Ticaret) kredi değerliliği; kredi almaya layık olma
creditworthy: güvenilir

English - English

Definition of creditworthiness in English English dictionary: A creditor's measure of a consumer's past and future ability and willingness to repay debts [FRBC][FRBM][FRBSF] (see also credit, credit history, credit scoring system, debt); The ability, willingness and financial capability of a borrower to repay debt; trustworthiness with money as based on a person's credit history; a general qualification for borrowing; A creditor's measure of a borrower's ability to meet debt obligations; Past and future ability to repay debts; Criterion for granting credit A borrower is creditworthy if he can be expected to contractually fulfil his obligations as a borrower There are two types of creditworthiness: personal and material While, in the case of personal creditworthiness, investigations are conducted into the reliability, professional and technical qualification of the borrower, or his business acumen, material creditworthiness is concerned with financial aspects, such as the asset situation, earning capacity, etc Creditworthiness is frequently confused with credit standing; Based upon individual credit history and indicates how reliable a borrower has been with financial obligations; The ability to qualify for credit and repay debts; A creditor's measure of a consumer's past and future ability and willingness to repay debts; An assessment of a consumer's past credit behavior that allows a potential lender to decide whether or not to extend credit; The ability of a borrower to successfully manage his or her finances and make timely payments on debt as demonstrated by the borrower's credit history; TERI's definition of creditworthiness is a borrower's ability to supply a satisfactory credit history (at least two years) and demonstrate sufficient current income; A description of a consumer's credit behavior and management that leads to a creditor's decision whether or not to make an offer of credit; Eligibility of an individual or firm to borrow money; Past, present and future ability to repay debts; A lender's estimate of a borrower's ability to repay a loan
creditworthy: Deemed likely to repay debts
creditworthy: Having an acceptable credit rating
creditworthy: Having a favorable credit rating
creditworthy: A creditworthy person or organization is one who can safely be lent money or allowed to have goods on credit, for example because in the past they have always paid back what they owe. Building societies make loans to creditworthy customers. + creditworthiness credit·worthi·ness They now take extra steps to verify the creditworthiness of customers. considered to be able to pay debts
creditworthy: having an acceptable credit rating; "a responsible borrower"
creditworthy: -Responsible with bill payments; shows a good credit history
creditworthy: Judged to be qualified to have credit
creditworthy: Your ability to qualify for credit and repay debts
creditworthy: A determination that the applicant has the ability to repay the loan upon examination of the applicant's credit history Factors in the evaluation may include a minimum monthly income, previous experience with credit, credit bureau report and credit score
creditworthy: having an acceptable credit rating; "a responsible borrower