another term for credity worthiness

Hi Carol,

I am not sure about what other term is used for credit worthiness but what I can say is that credit worthiness usually means the ability to pay back a loan.

Nazario

Hi,

Credit risk is another term for creditworthiness.

Creditworthiness is the risk of financial loss due to a borrower defaulting on a loan. It is also known as default risk.

When a borrower applies for a loan, the creditor checks his credit report to find out how he has been paying his bills and debts in recent years. This implies that the creditor reviews the report and then determines if there is any risk in providing loan

Thanks,

Caron.