This form of open credit is the only type of consumer credit that allows a borrowing, home-owning taxpayer to deduct the loan's interest charges from his or her taxable income. 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 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, represents 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 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