{"id":208679,"date":"2026-02-02T12:00:26","date_gmt":"2026-02-02T20:00:26","guid":{"rendered":"https:\/\/www.nationalfunding.com\/blog\/?p=208679"},"modified":"2026-02-02T12:00:26","modified_gmt":"2026-02-02T20:00:26","slug":"what-being-creditworthy-means-how-to-improve-yours","status":"publish","type":"post","link":"https:\/\/www.nationalfunding.com\/blog\/what-being-creditworthy-means-how-to-improve-yours\/","title":{"rendered":"What Being Creditworthy Means &#038; How to Improve Yours"},"content":{"rendered":"<p><span data-contrast=\"auto\">Creditworthy is a term used by lenders to evaluate the risk level associated with a person or a business applying for financing. Being more creditworthy means there is\u00a0less of a\u00a0risk of defaulting on the borrowed amount or that the lender has less risk in recovering their losses.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><span data-contrast=\"auto\">Creditworthiness is for both personal and business borrowing on financial products including:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Loans<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Credit cards<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Lines of credit<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Insurance policies and premiums<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cb\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cb&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"2\"><span data-contrast=\"auto\">It also extends to renting property, equipment, and assets<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">The more creditworthy an applicant is, the better rates and terms\u00a0they\u2019ll\u00a0get on financial products, and the more likely they are to get approved.\u00a0While there\u00a0is no\u00a0single standardized metric for being creditworthy, there are things that go into how an application is viewed including outstanding debts, financial history, collateral that is offered, money in a personal or business bank account, credit scores, etc.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Each lender and financial institution will use their own metrics, so where one sees you as medium risk, another may see you as\u00a0low\u00a0risk. This could be based on their familiarity with your industry, or because of their company\u2019s policies based on risk and NAICS codes. This is why you may get different rates and terms when you\u00a0apply for\u00a0financing with different lenders, even though the amount being requested is the same.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">If\u00a0you\u2019re\u00a0applying for a\u00a0<\/span><a href=\"https:\/\/www.nationalfunding.com\/small-business-loans\/\"><span data-contrast=\"none\">small business loan<\/span><\/a><span data-contrast=\"auto\">,\u00a0<\/span><a href=\"https:\/\/www.nationalfunding.com\/equipment-leasing\/\"><span data-contrast=\"none\">equipment financing<\/span><\/a><span data-contrast=\"auto\">, a line of credit, or a mortgage, here\u00a0are\u00a0a few ways you can make yourself more creditworthy, and some things to avoid doing so\u00a0that\u00a0you\u00a0don\u2019t\u00a0lower your chances\u00a0of\u00a0getting\u00a0good\u00a0rates and terms.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2 aria-level=\"2\"><span data-contrast=\"auto\">Ways to Improve Your Creditworthiness<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:360,&quot;335559739&quot;:120}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">When applying for business financing, your personal financial history can come into play. This is especially true if your company is new,\u00a0if\u00a0you\u00a0don\u2019t\u00a0have a lot of assets, or\u00a0if\u00a0your current revenue is not\u00a0in\u00a0line with what the lender is looking for.\u00a0In some cases, your personal finances can be used as a security blanket for the\u00a0lender,\u00a0and\u00a0you\u00a0may be asked to\u00a0sign a\u00a0<\/span><a href=\"https:\/\/www.nationalfunding.com\/blog\/an-easy-guide-to-personal-guarantees-and-business-loans\/\"><span data-contrast=\"none\">personal guarantee<\/span><\/a><span data-contrast=\"auto\">\u00a0as an added protective measure to the collateral on the business loan.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Some of the easiest ways to improve your creditworthiness include:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Clearing debts\u00a0off of\u00a0both your\u00a0<\/span><a href=\"https:\/\/www.nationalfunding.com\/blog\/personal-business-credit-score-difference\/\"><span data-contrast=\"none\">personal and business credit scores<\/span><\/a><span data-contrast=\"auto\">\u00a0by looking up what is reported to the three business credit bureaus (<\/span><a href=\"https:\/\/www.dnb.com\/en-us\/\"><span data-contrast=\"none\">Dun &amp; Bradstreet<\/span><\/a><span data-contrast=\"auto\">,\u00a0<\/span><a href=\"https:\/\/smallbusiness.experian.com\/main.aspx\"><span data-contrast=\"none\">Experian Business<\/span><\/a><span data-contrast=\"auto\">, &amp;\u00a0<\/span><a href=\"https:\/\/www.equifax.com\/business\/\"><span data-contrast=\"none\">Equifax Business<\/span><\/a><span data-contrast=\"auto\">) and\u00a0the\u00a0three consumer credit bureaus (<\/span><a href=\"https:\/\/www.equifax.com\/\"><span data-contrast=\"none\">Equifax Personal<\/span><\/a><span data-contrast=\"auto\">,\u00a0<\/span><a href=\"https:\/\/www.experian.com\/\"><span data-contrast=\"none\">Experian Personal<\/span><\/a><span data-contrast=\"auto\">, and\u00a0<\/span><a href=\"https:\/\/www.transunion.com\/\"><span data-contrast=\"none\">TransUnion Personal<\/span><\/a><span data-contrast=\"auto\">).\u00a0If you\u00a0don\u2019t\u00a0have\u00a0access to a free business credit report through a membership or subscription,\u00a0you can\u00a0purchase\u00a0a copy.\u00a0Then, the goal is to\u00a0pay down\u00a0the reported debts as much as\u00a0possible before applying. Check which bureaus your lender uses to focus on the debts on those reports.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:720,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276,&quot;335559991&quot;:360}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Open a business bank account with the lender if they offer this as a service\u00a0in order\u00a0to\u00a0show\u00a0you\u2019re\u00a0looking for a multi-faceted relationship. The added benefit is that they can access your financials over\u00a0a long period\u00a0if you have an account. This builds trust and\u00a0may help you get approved for future financing.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Offer a larger deposit or more collateral to offset your risk as a borrower. By giving the lender more\u00a0assurances\u00a0in case of default, you reduce their risk which in turn increases your creditworthiness.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Reduce your credit\u00a0utilization\u00a0ratio and debt-to-income ratios. These are measures of how much available credit you use and how much debt you or your company can afford to take on.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cb\" data-font=\"\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cb&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"2\"><span data-contrast=\"auto\">Credit\u00a0utilization\u00a0is calculated by dividing your total revolving credit balance by your total credit\u00a0limits and\u00a0multiplying it by 100.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cb\" data-font=\"\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cb&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"2\"><a href=\"https:\/\/www.nationalfunding.com\/blog\/the-debt-to-income-ratio-for-loans-and-financing\/\"><span data-contrast=\"none\">Debt to income ratio<\/span><\/a><span data-contrast=\"auto\">\u00a0can be found by dividing your total monthly debts by your total monthly income and multiplying it by 100 to get the percentage.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">If you opened a new credit card recently but have your old one open and it has a long history of\u00a0financial responsibility, you may want to keep it open to show your intended lender that you\u00a0make payments on time.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><span data-contrast=\"auto\">A strong business plan with details about growth and contingency plans can go a long way\u00a0by\u00a0showing your knowledge of the\u00a0industry\u00a0and\u00a0your responsible\u00a0use of funds. Make sure to include how\u00a0you\u2019ll\u00a0budget for interest payments and where future financing needs like a new business loan\u00a0may\u00a0come in. This shows the lender\u00a0that\u00a0they\u00a0may have\u00a0another opportunity to loan you money in the future if they lend to you now.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><span data-contrast=\"auto\">Bring any letters of intent or contracts that will be\u00a0finalized\u00a0if you\u00a0were\u00a0to\u00a0gain access to financing. This shows the lender that you will be able to increase your revenue and,\u00a0when combined with the business plan, it should help\u00a0your creditworthiness.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">There\u2019s\u00a0no shortage of ways to improve your creditworthiness when applying for financing, but there are things you want to avoid doing.\u00a0\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2 aria-level=\"2\"><span data-contrast=\"auto\">Things\u00a0That Lower Your Creditworthiness<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:360,&quot;335559739&quot;:120}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">To keep yourself lower risk when you apply for financing, try to avoid doing the following:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Applying for new credit cards, lines of credit, or loans as each one may have a hard inquiry tied to it, and that temporarily lowers your credit score.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Missing payments to vendors including utilities, suppliers, financial institutions, and anyone else that reports to public records and credit bureaus.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Making a large purchase in your personal life that could\u00a0impact\u00a0your cash in the bank, personal credit score, and finances,\u00a0in case\u00a0you\u2019re\u00a0asked to make a personal guarantee.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Having business and personal bank accounts or credit cards combined, as this\u00a0makes it harder to see what assets are available and what can be seized in case of default. The harder the lender\u00a0has to\u00a0work, the less creditworthy you may appear.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Selling assets. Assets that hold value can be used as collateral and increase your creditworthiness. You can always sell them after you pay the loan back, especially if they hold their value.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><span data-contrast=\"auto\">Anything that would reduce your\u00a0net worth or that of your\u00a0company\/owned assets, or impact credit scores and debt ratios,\u00a0will have a negative impact on how creditworthy you are to a lender. Be careful and\u00a0plan ahead\u00a0so you\u00a0don\u2019t\u00a0accidentally create a situation where you now have a higher interest rate or less favorable terms.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><span data-contrast=\"auto\">Creditworthiness is a measurement that a lender or financial institution uses to\u00a0determine\u00a0how likely the borrower is to make on-time payments and not default. Being more creditworthy increases your chances\u00a0of\u00a0getting approved, so it is\u00a0a good idea\u00a0to think about ways you can offset the\u00a0lender\u2019s\u00a0risk.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><i><span data-contrast=\"none\">National Funding does not provide tax,\u00a0legal\u00a0or accounting advice. This material has been prepared for informational purposes only. You should consult your own tax,\u00a0legal\u00a0and accounting advisors.<\/span><\/i><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Creditworthy is a term used by lenders to evaluate the risk level associated with a person or a business applying for financing. Being more creditworthy means there is\u00a0less of a\u00a0risk of defaulting on the borrowed amount or that the lender has less risk in recovering their losses.\u00a0 \u00a0Creditworthiness is for both personal and business borrowing<a class=\"excerpt-read-more\" href=\"https:\/\/www.nationalfunding.com\/blog\/what-being-creditworthy-means-how-to-improve-yours\/\" title=\"ReadWhat Being Creditworthy Means &#038; How to Improve Yours\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":38,"featured_media":208680,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-208679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-health"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Being Creditworthy Means &amp; How to Improve Yours<\/title>\n<meta name=\"description\" content=\"Creditworthiness is a reference to how a lender looks at you when you apply for financing, both personal and business. Here\u2019s how to improve yours.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nationalfunding.com\/blog\/what-being-creditworthy-means-how-to-improve-yours\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Being Creditworthy Means &amp; How to Improve Yours\" \/>\n<meta property=\"og:description\" content=\"Creditworthiness is a reference to how a lender looks at you when you apply for financing, both personal and business. 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