creditworthy

Definition

The status given to a borrower indicating that the borrower has an acceptable credit rating, and can take out loans or obtain credit lines.

Use creditworthy in a sentence

You should always do your best to pay off any loan so that you will still be creditworthy in the future.

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If your credit score is high enough, you will be considered creditworthy which means you should have no problems in obtaining a loan.

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The housing boom of the early to mid 2000's saw a dramatic increase in home borrowers that were deemed creditworthy, even though their usual cash flows wouldn't have been ample without the help of low grade abundant mortgage securities.

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consumer reporting agency Moody's Investment Grade (MIG)