Creditworthiness is primarily based on which of the following?

Creditworthiness is primarily determined by your prior history with money. This includes factors such as your credit score, payment history, the amount of debt you currently have, and any past bankruptcies or late payments. Lenders analyze this history to predict how likely you are to repay future debts, making it the most significant indicator of your creditworthiness.

While savings account balances, educational qualifications, and employment history can also play a role in overall financial stability, they are not as directly linked to establishing creditworthiness. A strong credit history indicates responsible management of credit and finances, which is vital for lenders when assessing how much credit to extend to you and under what terms.