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What is it to be “creditworthy” – and why is it essential for you? And if your credit history is not quite up to par, what can you do to improve it? Check out these credit counseling tips.
To paraphrase the Oxford Dictionary, the definition of being “creditworthy” is a person or company who is trusted to receive credit because they’ve shown by past behavior that they will pay it back. Sounds straightforward, but it takes work to attain and maintain creditworthiness. Whether you are an individual or a business, you will probably need “good credit” to establish a place to live, get hired for a job, launch a new business – or acquire a loan to support your other personal or professional goals. Where do you begin?
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