A creditor's measure of a consumer's past and future ability and willingness to repay debts [FRBC][FRBM][FRBSF] (see also credit, credit history, credit scoring system, debt)
Criterion for granting credit A borrower is creditworthy if he can be expected to contractually fulfil his obligations as a borrower There are two types of creditworthiness: personal and material While, in the case of personal creditworthiness, investigations are conducted into the reliability, professional and technical qualification of the borrower, or his business acumen, material creditworthiness is concerned with financial aspects, such as the asset situation, earning capacity, etc Creditworthiness is frequently confused with credit standing
TERI's definition of creditworthiness is a borrower's ability to supply a satisfactory credit history (at least two years) and demonstrate sufficient current income