Translation and analysis of words by ChatGPT artificial intelligence
On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:
- how the word is used
- frequency of use
- it is used more often in oral or written speech
- word translation options
- usage examples (several phrases with translation)
- etymology
irrevocable credit - translation to English
![U.S. house price trend (1987–2008) as measured by the [[Case-Shiller index]]. Between 2000 and 2006 housing prices nearly doubled, rising from 100 to nearly 200 on the index.](https://commons.wikimedia.org/wiki/Special:FilePath/Case-shiller-index-values.jpg?width=200 "U.S. house price trend (1987–2008) as measured by the [[Case-Shiller index]]. Between 2000 and 2006 housing prices nearly doubled, rising from 100 to nearly 200 on the index.")
Wikipedia
A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual. A credit score is primarily based on a credit report, information typically sourced from credit bureaus.
Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits. Lenders also use credit scores to determine which customers are likely to bring in the most revenue.
Credit scoring is not limited to banks. Other organizations, such as mobile phone companies, insurance companies, landlords, and government departments employ the same techniques. Digital finance companies such as online lenders also use alternative data sources to calculate the creditworthiness of borrowers.
