Select the statements that describe a person would most likely be classified as “creditworthy”

A credit worthy person is a person considered suitable to receive credit, especially because of being reliable in paying money back in the past

Explanation:

Creditworthiness or credit worthiness reflects a person's, company's, or entity's ability to pay back a debt. In other words, how likely they are to repay a loan by meeting their financial obligations.

Banks and other lenders use this data to determine how much they are willing to lend.

There are several ways you can improve your credit score to establish creditworthiness. The most obvious way is to pay your bills on time. Make sure you get current on any late payments or set up payment plans to pay off past due debt.

A bad credit score not only affects your chances of getting a loan, but it can also prevent you from getting better interest rates.

A good credit score establishes your creditworthiness and allows you to access a variety of loan deals with better rates from banks and lending firms

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