"Good creditworthiness" refers to someone's ability to repay borrowed money or fulfill financial obligations consistently and responsibly. It means that a person is viewed as trustworthy by lenders because they have a positive track record of repaying loans, paying bills on time, and managing their finances well. This makes it easier for them to obtain loans, credit cards, or other financial services.
Full definition
If you score lower than 620, you're in the subprime category which could mean 3 % — 6 % difference in rates compared to someone
with better creditworthiness.
The key to receiving low interest personal loans is to position yourself to have
good creditworthiness in the eyes of a lender.
Higher scores tend to suggest
better creditworthiness for the person being rated; lower scores, on the other hand, carry associated risks to the person in terms of the likelihood of being able to pay his debts.
With the repair service, we will be working on your behalf to help eliminate negative items on your credit report, as well as educate you on the tools and resources required to build and
maintain good creditworthiness.
The scores run from 300 to 850 and are used to predict a borrower's likelihood of future nonpayment, with higher scores indicative
of better creditworthiness.
American consumers, on the other hand, are rewarded for
better creditworthiness with lower rates.
The higher your score
the better you creditworthiness is.
For instance, most providers of startup loans require applicants to have
good creditworthiness.