From personal credit to national credit, it is indispensable in today's society. If an individual has no credit or has bad credit, can he use a credit card? Can I get a loan from the bank? Even if you can, there are more conditions than people with good credit. If the bank loses its credit, can it still absorb depositors' deposits? Can enterprises operate normally without credit? Without national credit, policies will have no credibility and operability, and the whole country will be in chaos. Without national government credit, the country will be paralyzed.
Finance plays an important role in today's economy and is the core of modern economy. In fact, finance works through credit. The essence of finance is credit. In the financial market, the relationship between market participants is no longer a simple buying and selling relationship, but a temporary separation or conditional transfer of the right to use funds and ownership based on credit. Finance has penetrated into every aspect of our lives.
My personal opinion is a little wordy, I hope it will help you.