Glossario

Creditworthiness is a measure of the consumer's ability to repay the amount borrowed on the deadlines set out in the loan agreement. The lender assesses the consumer's creditworthiness before granting the loan, based on adequate, proportionate and duly verified information about the consumer's financial situation. This information can be provided by the consumer or by consulting databases such as the Central Credit Register (CR) managed by the Bank of Italy or a Credit Reporting System (CRS) managed by private entities; in this case, the customer must be informed beforehand.