What is creditworthiness?

Creditworthiness is nothing but your financial potential. The bigger it is, the more credit options you have, i.e. the greater your creditworthiness.

It is obvious that it is calculated by the bank where you want to take out a loan – after all, it is in his interest that you be a credible borrower and whether you will be able to repay the debts. Creditworthiness depends on many factors and in this article you will learn what values ​​are taken into account for the so-called credit analysis.

The most important creditworthiness criteria

The most important creditworthiness criteria


The first and most important thing when assessing creditworthiness is income – its amount and stability. They are verified at the conclusion of each form of financial liability and what is important is their average amount over the last few months. The bank also checks the income base, i.e. the form of the contract. Therefore, whether the employment is based on a mandate contract, an employment contract or a specific work contract will have a big impact on the bank’s assessment. It is also important whether it is concluded for a definite period or not.

Financial liabilities

Important factors that determine your creditworthiness also include whether you have any current financial liabilities or liabilities. The more and more of them – the lower your creditworthiness. On the other hand, if you have a credit card and your credit history is rich and reliable, so much the better for you. It doesn’t matter if you paid off with a vacuum cleaner or a high mortgage – all your repaid obligations are your ally.

Other factors

There are also factors that affect your creditworthiness in a less official way. These include:

  • Borrower’s age (too small and too big will never be an asset – in many respects this means a risk to the bank)
  • Marital status
  • The purpose for which the money is to be allocated (investment in real estate will be more credible, e.g. in setting up your own business)
  • Place of employment (the better the position of the company, the better – large enterprises with a strong market position and of course state jobs enjoy a special estimate in this respect)

How to increase your credit standing?

How to increase your credit standing?

Each bank has its own way of testing creditworthiness and the fact that we will not get credit in one does not mean that the other will also refuse us. What does this mean in practice? Here are some ways to help you increase your credit potential
First of all, you need to take care of your current financial burden.

Do you have an outstanding loan? Do everything to pay it back before you ask the bank for another one. Do you have overdraft? Adjust it, and certainly your chances will increase.

Each bank has its own conversion rate and sometimes it may turn out that even PLN 100 of the repaid installment may reduce the potential amount of the mortgage by several thousand. Do you have any other obligations? Take care of them as soon as possible!

Modify the terms of the loan you want to take

Modify the terms of the loan you want to take

If you care about credit very much, think about whether it must be so high or whether it can be reduced – sometimes even several thousand can influence the bank’s decision! The conversion of installments from decreasing to equal is quite a popular way. Remember that the currency is Polish zloty – you will miss the risk of exchange rate fluctuations, on which so many people lost all their savings. You can also try to extend the loan period. Yes, the total cost will increase and the interest fee will increase, but when time plays a huge role, and the potential profits from borrowed money will reward you with increasing interest – why not?

Take care of your credit history! People with no credit history are risky borrowers – they have no experience in repayment of liabilities and the bank may refuse to grant them a loan. Although the lack of credit history also means no current arrears , it is better that our account has successively repaid loans.

How best to take care of your credit history? Set up a credit card (preferably in the bank with which you want to cooperate in the matter of mortgage) and use it rationally – pay off all the obligations you incur on it, and in the eyes of the bank you will become much more credible.

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