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January 19, 2023
Creditworthiness is how a lender decides whether you will default on your financial obligations or whether you are worthy of receiving additional credit. Creditors check at your creditworthiness before approving additional credit for you. Several criteria, including your payback history and credit score, affect your creditworthiness. When determining the likelihood of default, certain lending institutions examine available assets as well as the quantity of liabilities you have.