Creditworthiness
An assessment of how likely a borrower is to meet financial obligations, based on factors such as income, assets, debts and payment history.
Related terms
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Credit report
A record of borrowing, repayment history, public information and other data used to help assess creditworthiness.
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Credit file
The record held by a credit reference agency containing information used by lenders and others to assess creditworthiness.
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Financial association
A link recorded on a credit file between people who share certain joint financial products, which can affect how lenders assess applications.
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