Scientific Collection «InterConf», (39): with the Proceedings of the 8th International Scientific and Practical Conference «Science and Practice: Implementation to Modern Society» (December 26-28, 2020) at Manchester, Great Britain

First of all, many of the above problems are due to the fact that our citizens do 
not know their rights, abuse of power by bank employees, the decisions and laws do 
not work in practice, and citizens are wrong to say: is the consequence of the 
concepts. For example, to get a credit in Canada and start a legal entity 
(organization), it is enough to apply online. Within 1 week, the loan is fully issued, 
and the documents on the opening of the organization will be left in your home by 
the responsible person. In our country, the opposite is true. Thought-provoking, 
overly confusing. Instead, more opportunities for everyone will benefit the state 
treasury, the number of taxpayers will increase, and the level of the population will 
rise significantly. 
The second solution is to simplify the credit procedure and eliminate the waiting 
period. This may not be the case in the central cities, but the poor quality and speed of 
service in the districts are causing inconvenience to the population. 

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 SCIENCE AND PRACTICE: IMPLEMENTATION TO MODERN SOCIETY
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The third solution is to lower the interest rate for the loan. Our credit is very 
expensive compared to foreign countries. In the UK, for example, the credit interest 
rate is 3.2 percent. In our country, even student credit is 7%. The percentage of housing 
and car credits is not less than 20%. Of course, these percentages do badly affect the 
living standards of the population. 
The fourth solution is to increase the legal literacy of our citizens. For example, 
if a foreigner has a legal problem, he or she will contact a lawyer to resolve the case 
(instead of information, almost every family has a lawyer in countries such as the 
United States, Britain, Korea, Norway, Switzerland, and France. if a citizen finds 
himself in a problematic situation, he will not speak a word without a lawyer). It is 
necessary to introduce this system in our country as well. 
Conclusion 
In conclusion, the international credit system is one of the key factors in the 
development of countries. The reason is that, as we have seen, the state does not have 
the financial capacity to finance all its sectors equally. Therefore, with the development 
of various sectors, even at the expense of interest, the state will get rid of these debts 
with the growth of the economy. At the same time, the government will benefit from 
the development of the sector in which it was invested. The state will not waste time, 
and the people will be prevented from suffering for years. 
Uzbekistan's credit system also needs to be radically reformed. Because
of internal problems in the credit system, artificial barriers hinder the
development of our country. In addition, citizens are also overwhelmed and facing 
difficulties.