DescriptionTermThis number, which can range from 300 to 850, is intended to represent an applicant's creditworthiness, and is based on, among other factors, his or her tendency to pay bills on time, the types of loans used by the applicant-such as installment, revolving, mortgage loans, and length of credit history.This is a professional financial advisor who assists consumers in danger of bankruptcy in formulating a budget that facilitates the repayment of debts and setting reasonable spending limits.This type of credit card carries a higher interest rate than regular bank cards, and offers incentives, such as rebates-including airline tickets, cash, or credits that can be used to purchase the sponsor's merchandise.This type of plastic card is secured with some form of collateral, such as a certificate of deposit.This is the process of evaluating the credit worthiness of a credit applicant via the assessment of an applicant's credit report and the calculation of a credit score.