Real Estate Terms Glossary
What is the Meaning of Creditworthy?
If you are creditworthy, it means that you have enough money and/or property for banks, credit unions, and other organizations to be ready and willing to lend you money. The better your creditworthiness, it is more likely that a bank, credit union, or other financial institution will extend you credit. Note that your creditworthiness plays an important role in having your loan or mortgage note applications approved.
Keep in mind that what contributes to being deemed creditworthy can differ considerably depending on the kind of account you’re applying for.
Examples of Creditworthiness
- Example 1: Individual creditworthiness
- Example 2: Business creditworthiness
Here’s Investopedia’s definition of creditworthy .
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I am a lawyer who helps small businesses, nonprofits, and startups with a wide variety of agreements, corporate formation, and corporate governance. I earned my BA from Tulane University and my JD from the University of Chicago Law School. Before starting my own practice, I worked at an international law firm in New York City. Outside of work, I am on the board of the nonprofit Seattle REconomy (which runs the NE Seattle and Shoreline tool libraries) and I enjoy gardening, baking bread, and outdoor activities with my spouse and two dogs.
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Drew is an entrepreneurial business attorney with over twenty years of corporate, compliance and litigation experience. Drew currently has his own firm where he focuses on providing outsourced general counsel and compliance services (including mergers & acquisitions, collections, capital raising, real estate, business litigation, commercial contracts and employment matters). Drew has deep experience counseling clients in healthcare, medical device, pharmaceuticals, information technology, manufacturing, and services.
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Erin F.
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Daniel R.
Daniel is an experienced corporate attorney and works closely with corporations, privately held companies, high-net worth individuals, family offices, start-ups and entrepreneurs. Daniel graduated from the Gonzaga University School of Law and is licensed to practice law in Illinois.
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