CREDIT WORTHINESS

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

Hopelessness, and Suicide  

Dr. Cathie Katrina Hughes, DPhil., M.A., M.C.J. 

Omega Graduate School

 Copyright 2019 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.

Learn more and download the PDF in

The Journal of Accounting and Finance