creditworthy

Being "creditworthy" means that a person or business has a good enough financial history and stability to trust them with loans or credit. It indicates a low risk for lenders, suggesting they’re likely to repay borrowed money on time. This assessment is based on factors like past borrowing behavior, income, debt levels, and how well they manage their finances. When someone is considered creditworthy, they typically qualify for better loan terms, such as lower interest rates. Essentially, it’s a way lenders determine whether an individual or organization is responsible and reliable enough to lend money to.