05/04/2024
Creditworthiness is a way to determine the value of credit that should or should not be granted to a person.
The Creditworthiness of a person is usually attributed to credit rating or credit score. The rating is calculated based on many factors like your income, payment history, credit history, outstanding debts, etc.
There are 5 Factors for assessing creditworthiness. Companies use many criteria to assess a customer's creditworthiness.
The Five C's of Creditworthiness are one of the most popular credit scoring techniques. These five C’s are character, capacity, capital, collateral, and conditions that can help you determine a customer's ability to repay a loan or business credit.
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