from Wiktionary, Creative Commons Attribution/Share-Alike License
- adj. Alternative spelling of creditworthy.
from the GNU version of the Collaborative International Dictionary of English
- adj. having an acceptable credit rating; worthy of having credit extended.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- adj. having an acceptable credit rating
Sorry, no etymologies found.
It certainly would not require any lender to make a loan to any applicant who was not credit-worthy.
Financing remains available to only "the most credit-worthy purchasers," he said.
Issuers also are more credit-worthy because the riskiest ones were driven out of business during the financial crisis, though investors still steer clear of lending to some European banks.
Wells Fargo has fought lawsuits from Baltimore and the city of Memphis alleging that the bank preyed upon black borrowers; settled claims it illegally steered credit-worthy borrowers into subprime loans and misled investors about the risks of mortgage-backed securities it sold; and fought investigations and regulatory actions stemming from revelations that it employed so-called "robo-signers," the agents directed by lenders to process foreclosure filings en masse without examining the underlying paperwork.
At the same time, pressure to reduce default rates is freezing out less credit-worthy entrepreneurs.
"Companies that are credit-worthy haven't been in a borrowing mood, but we are starting to see that change," said Jeffrey Harte , a principal with Sandler O'Neill + Partners LP.
Banks say they are having trouble finding enough credit-worthy borrowers to make use of their deposits.
Alliant CEO Dave Mooney said member-owned lenders have a better sense of how credit-worthy their customers are.
But analysts said they expected financial firms to review their borrowing terms and potentially raise rates for the least credit-worthy borrowers in coming months.
But for the second quarter in a row, banks' total revenue dropped in the quarter ending in June, a development FDIC officials attributed to the struggle banks face in finding credit-worthy customers who want to borrow.