Credit Worthiness
Categories: Bonds, Econ, Ethics/Morals
Are you worthy?
Credit worthiness refers to how likely you are to repay a loan. Usually, it's decided by taking a look at your credit score and maybe your credit report. But that's not the whole story. Many lenders and banks also take a look at your employment, employment history, income, and assets when deciding whether to give you financing. Think of the credit score is a snapshot of your credit worthiness and your overall credit worthiness as the bigger financial picture of your life.