Question

What is the main factor lenders consider in determining a person's creditworthiness?

Creditworthiness
Financial institutions lend credits to their clients to foster their investment. These institutions have to analyze their client's creditworthiness before lending the money. Creditworthiness is the approach that leaders use to analyze a person's eligibility to receive a new credit or the probability of defaulting the debt.

Answer 1

The main factor that lenders consider in determining a person's creditworthiness is their credit score. This score is based on factors such as payment history, amount of debt, length of credit history, and new credit applications.