How to calculate Creditworthiness?

Question

Accepted Answer

Creditworthiness can be calculated by assessing an individual's financial history, income, debt-to-income ratio, and credit score.

Evaluate the individual's credit score, which is a numerical representation of their creditworthiness based on their credit history.
Assess the individual's income to debt ratio to determine their ability to repay debts.
Review the individual's financial history, including any past bankruptcies or delinquencies.
Consider other factors such as employment stability and assets owned by the individual.
Use creditworthiness calculators or tools provided by financial institutions for a more accurate assessment.

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