Bonitäts

Bonitäts, also known as creditworthiness or credit rating, is a measure of an individual's or entity's ability and willingness to repay debt. It is a crucial factor for lenders, such as banks and financial institutions, when deciding whether to approve a loan or extend credit. A good Bonitäts indicates a lower risk of default, making it more likely for a borrower to secure favorable loan terms, including lower interest rates. Conversely, poor Bonitäts suggests a higher risk, potentially leading to loan rejection or higher costs.

Several factors contribute to a person's or company's Bonitäts. For individuals, this typically includes payment history, outstanding debt levels, the length of credit history, and the types of credit used. For businesses, factors include financial statements, profitability, industry stability, and management experience. This information is often gathered and assessed by credit bureaus, which then generate credit reports and credit scores. These scores are numerical representations of a borrower's creditworthiness and are widely used in financial decision-making. Maintaining a strong Bonitäts is essential for accessing financial products and services, and it can significantly impact one's financial well-being.