creditworthy

USAGE SUMMARY

The word "creditworthy" is correct and usable in written English.
It is typically used to refer to someone or something that is sufficiently reliable or responsible to be trusted with a loan or other type of credit. For example, "The bank concluded that the applicant was creditworthy and loaned them the money they needed."

✓ Grammatically correct

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

This requires skill in identifying creditworthy customers, which fintech outfits reckon they can do better than banks.

The Economist

China's stimulus is the most spectacular, but Brazil has also been able to cut interest rates and boost spending.Government activism helps explain why the creditworthy big emerging economies can recover more quickly.

The Economist

If output continues to slide not just this year but next and unemployment continues to rise, political pressures may mount within Greece to leave the club.The second break-up scenario would be for Germany and some small creditworthy economies like the Netherlands to set up a new currency.

The Economist

Small debts have proliferated with the explosion in "sub-prime" lending to less creditworthy Americans, and with the growth of new sorts of lenders, such as petrol-station chains and utilities.

The Economist

Unsurprisingly, Russian politicians from less creditworthy places also like the idea of cheap long-term loans, and have been lobbying hard for their regions to be next.Indeed, political interference may prove the scheme's weak point.

The Economist

So it is a pity that all these lenders are competing to support the same, small group of microfinance institutions that cater to the most creditworthy borrowers.

The Economist

And the rush by European banks to sell bonds of the least creditworthy sovereigns has made things worse.

The Economist

To introduce Eurobonds as a crisis-fighting measure would only encourage less creditworthy countries in their spendthrift ways.

The Economist

The answer, as far as IDEAcarbon is concerned, is a new sort of rating agency that will evaluate just how creditworthy, so to speak, each project is.The market for such a service, Mr Johnson argues, will be huge.

The Economist

The Bundesbank in particular fears that QE would relieve the pressure on less creditworthy countries to overhaul their economies and to keep deficits in check.

The Economist

This spring the default rate on American credit cards was a record 13%, according to Fitch.How do lenders decide whether consumers are creditworthy?

The Economist

Expert writing Tips

Best practice

When describing an entity's financial standing, use "creditworthy" to indicate their ability to manage debt responsibly and their likelihood of repaying loans.

Common error

While "creditworthy" is widely understood, it's best suited for formal financial discussions. In casual conversation, simpler terms like "reliable" or "trustworthy" might be more appropriate.

Linguistic Context

The term "creditworthy" functions primarily as an adjective used to describe an entity, whether a person or an organization, that is considered a safe risk for lenders. Ludwig AI confirms its widespread usage in indicating financial responsibility.

Expression frequency: Very common

Frequent in

News & Media

56%

Formal & Business

23%

Science

21%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "creditworthy" is an adjective used to describe entities deemed financially responsible and likely to repay debts. As indicated by Ludwig AI, it is grammatically correct and commonly used in formal and professional contexts, particularly in news and business reporting. Synonyms include "financially reliable" and "financially sound", although "creditworthy" specifically emphasizes the capacity to manage debt responsibly. The analysis of sources shows frequent appearances in The Economist and other reputable publications, confirming its relevance in discussions of finance and lending. When using "creditworthy", ensure the context is appropriate for a formal tone and consider alternatives for more casual communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

worthy of credit

A more literal rephrasing, but slightly less common and less concise than "creditworthy".

with a strong credit rating

Specifically refers to a formal credit assessment, rather than a general perception of trustworthiness.

financially reliable

Focuses more on the consistency of financial behavior, whereas "creditworthy" is more about meeting specific lending criteria.

good credit risk

Highlights the perspective of the lender, focusing on the low probability of default.

financially sound

Emphasizes the stability and health of finances, suggesting long-term viability rather than just eligibility for credit.

low-risk borrower

Similar to "good credit risk", emphasizing the lender's assessment of risk.

trustworthy borrower

Emphasizes the aspect of trust and responsibility in repaying debts, rather than just financial metrics.

eligible for a loan

Focuses specifically on meeting the requirements for loan approval, which is a more limited scope than general creditworthiness.

reputable debtor

Highlights the positive reputation of the borrower, suggesting a history of responsible financial behavior.

solvent

Indicates the ability to pay debts, but doesn't necessarily imply a history of responsible credit use.

FAQs

How is "creditworthy" used in a sentence?

You can use "creditworthy" to describe a person or entity deemed likely to repay debts, as in "The bank considers only the most "creditworthy" applicants for its loans."

What are synonyms for "creditworthy"?

Alternatives to "creditworthy" include "financially reliable", "financially sound", or "worthy of credit", depending on the nuance you want to convey.

What determines if someone is "creditworthy"?

Creditworthiness is typically determined by factors such as credit history, income, assets, and existing debt. Lenders use these factors to assess the risk of lending to an individual or organization.

Is there a difference between "creditworthy" and "solvent"?

"Creditworthy" implies a proven history of responsible debt management and the likelihood of repayment, while "solvent" simply means being able to pay current debts. A company can be solvent but not necessarily creditworthy if it lacks a strong credit history.