Creditworthiness refers to a person's ability to pay or creditworthiness. A prerequisite for the granting of a real estate loan is personal and factual creditworthiness. The term personal creditworthiness covers qualities such as solidity, honesty, reliability, impeccable reputation, credibility, balanced character and trustworthiness. Factual creditworthiness essentially concerns the management qualifications as well as the current and future economic situation of a credit applicant.
