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Relevant Aspects of the Credit


  • Adrian SIMON,

    () (Universitatea “Petru Maior” Tîrgu-Mures)


The word “credit” comes from the Latin language, but it was only until 1447 that the word “credito” with the commercial meaning appeared. The credit represents a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some later date. Anytime when an individual financial something with a loan, they are using credit. (Andrew Eduard 2000). The credit score measures the financial credit worthiness of borrower. With credit score information, the lender assesses the risk involved in landing a sum of money to the borrower. The Credit Bureaus and Fair Isaac Corporation (FICO) closely guards the mathematical calculations; this calculation involves the analysis of large financial data. The FICO Credit Score ranges from 300 to 850.A credit score of 660 puts the borrower as potentially. Subprime where are borrower with blemished and limited credit history. A higher Credit Score indicates better financial credit worthiness. (Dennis Estrada, 1997)

Suggested Citation

  • Adrian SIMON,, 2010. "Relevant Aspects of the Credit," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1851-1854, May.
  • Handle: RePEc:ovi:oviste:v:10:y:2010:i:1:p:1851-1854

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    More about this item


    credit; risk analysis; types of credit; financial crisis;

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers


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