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2. What is creditworthiness and how can it be determined ?
Expert Solution
Creditworthiness is a trust that you create to your lenders with regard to your repayment of the loan you have received.
It is determined by our repayment history and credit score,
To improve creditworthiness it's necessary that we pay the loan installments promptly within the due date without any deviation.
The assets and liabilities that a person has is also a determination of creditworthiness.
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