Consumer Comeback Blog

Credit Score Glossary: Creditworthiness

Creditworthiness: An assessment of the likelihood that a borrower will default on a debt obligation.

Factors included in considering a borrower’s creditworthiness are credit score, history of repayment, and overall financial responsibility. The better a person’s creditworthiness, the higher the chance of the person being able to borrow money or be extended offers of credit. These can include loans and credit cards.