creditworthiness
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creditworthiness
The ability and willingness of a person or company to repay debts they have taken on by the agreed deadline. It is checked by banks before a loan is granted.
Eine gute Kreditwürdigkeit ist entscheidend, um einen Hauskredit zu bekommen.
Good creditworthiness is crucial for getting a home loan.
This word consists of three parts: 'Kredit' (credit/loan), the adjective 'würdig' (worthy), and the ending '-keit', which describes a quality. So it literally means the 'worthiness' to receive a loan.
Die Bank hat Zweifel an seiner Kreditwürdigkeit.
The bank has doubts about his creditworthiness.
'Kreditwürdigkeit' (creditworthiness) is often used with certain verbs. A bank 'prüft' (checks) or 'bewertet' (assesses) creditworthiness, while a person can 'nachweisen' (prove), 'besitzen' (possess), or 'verbessern' (improve) it.
Vor der Kreditvergabe wird die Bank Ihre Kreditwürdigkeit prüfen.
Before granting the loan, the bank will check your creditworthiness.
To describe the quality of creditworthiness, the adjectives 'gut' (good) or 'hoch' (high) are usually used for a positive assessment, and 'schlecht' (poor) or 'gering' (low) for a negative assessment.
Mit einer schlechten Kreditwürdigkeit ist es fast unmöglich, einen Kredit zu bekommen.
With poor creditworthiness, it is almost impossible to get a loan.
creditworthiness
Bonität and Kreditwürdigkeit both refer to how reliably a person or company can repay debts. Bonität is the more general term for this financial assessment, while Kreditwürdigkeit is particularly related to repaying a loan. In a bank assessment, both words usually fit, depending on the emphasis.
Die Bank prüft die Kreditwürdigkeit des Unternehmens, bevor sie den Kredit bewilligt.
The bank checks the company's creditworthiness before approving the loan.
Die Bank prüft die Bonität des Unternehmens, bevor sie über den Kredit entscheidet.
The bank checks the company's creditworthiness before deciding on the loan.
