CREDIT WORTHINESS

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The Impact of Creditworthiness on Financial Well-Being, Anxiety,

Depression, Hopelessness, and Suicide

Dr. Cathie Katrina Hughes

Omega Graduate School

 Copyright 2021 All Rights Reserved   

ABSTRACT 

Creditworthiness, defined by financial institutions’ credit scoring systems, classify people according to

categories of risk. Decision metrics and scorecard implementations are determinants that serve as a

financial gateway to access the most basic human needs for safety and wellbeing. For those with no credit

or credit scores less than excellent, escalating negative circumstances lead to adverse life events associated

with financial stress, widening socioeconomic disparities, and worsening biopsychosocial conditions. The

impact of creditworthiness on financial wellbeing and negative psychological constructs were explored

through quantitative research with a focus on improving these factors through a credit restoration

intervention

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