Term Answer Credit scoring A. Debit card B. Description 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. This professional financial advisor, in return for a fee, represent overextended consumers in negotiations with creditors. The advisor's objectives are often to reduce the size of consumers' payments, the size of their debt, or both This refers to a bank credit card that combines features of a traditional bank credit card with an additional Incentive, such as cash or merchandise rebates, airline tickets, or FICO score C. investments. Reward card D. Purchases made with this plastic card cause funds to be immediately transferred from the account holder's bank account to the seller-as if the account holder was paying with cash. Convenience check This is the name given to special low introductory interest rates offered by banks to potential new customers. Home equity credit line Credit counselor This credit card is useful for people with no credit or bad credit histories, and requires the card holder to invest in a certificate of deposit that can be used as collateral for the card. This is the most widely used value in the United States to help banks and other institutions make lending decisions. Applicants with relatively high values might be offered lower interest rates on mortgages or other loans, or a higher credit limit. Secured card H. This form of open credit is secured, or collateralized, by the existing equity in a home. Teaser rate 1. Under this piece of federal legislation, credit card issuers must give you 45 days notice before increasing your interest rate or modifying your agreement. This is one means by which to obtain a cash advance from the bank that offers a credit Credit Card Act of 2009