Credit score is a tool lender use to measure the credit-worthiness of an individual. A low score will result in a change in terms and conditions, fees, penalties, and on a larger scale, could interfere with the smooth-running economy of the country.

Meanwhile, consumer debt continues to rise, and the warning sound are going off; consumer debt is making economist uneasy.  There is an urgent cry for balance. Spending encouraged by low interest rates is fueling economic growth but for how long? High debt is a real threat.
https://globalnews.ca/news/3131242/consumer-spending-fuels-canadas-economy-but-also-puts-it-at-risk/

I (Irvin) Went bankrupt two times in my life. I have lost houses and cars. This is the closest example of the relevance of this subject in my life. I know first hand the damages and loses that one can experience when debt gets out of hand. James is very money conscious and carefully watches every dollar that he spends; he is a real saver.  

The part of the research that we found most interesting, was not within the scope of this assignment. It is the dynamic involved in the creation of credit and its impact on the economy. It left us convince that the best business to be involved in, would be the Banking Industry. If run wisely, the risk of losing money with a bank is almost zero. We thought maybe we should consider being bankers or to have equity in a Bank.