Which Person Is Credit Worthy? A creditworthy person or organization is one who can safely be lent money or allowed to have goods on credit, for example, because in the past they have always paid back what they owe. The Fed wants banks to continue to lend to creditworthy borrowers. Why is credit worthiness important?
What Do You Mean By Credit? Credit is the ability to borrow money or access goods or services with the understanding that you’ll pay later. … To the extent that creditors consider you worthy of their trust, you are said to be creditworthy, or to have “good credit.” What do you mean by credit class
What Do You Know About Credit? Credit is the ability to borrow money or access goods or services with the understanding that you’ll pay later. … To the extent that creditors consider you worthy of their trust, you are said to be creditworthy, or to have “good credit.” How do you explain credit? Let’s start
What Does Give Credit Where Credit Is Due Mean? Also, extend credit. Trust someone to pay at some future time what he or she owes. For example, I haven’t enough cash this month, so I hope they’ll give me credit. … [Late 1700s] The phrase is sometimes amplified to give credit where credit is due,