Basic Credit Vocabulary

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Across
  1. 5. A portion of an employee’s wage is set aside to pay a debt
  2. 6. INTEREST PAID ON THE PRINCIPAL OF A LOAN AND THE INTEREST OWED
  3. 9. YEARLY PERCENT AMOUNT IT WILL COST A PERSON TO USE CREDIT
  4. 11. BUSINESSES HIRED BY LENDERS TO PURSUE PAYMENTS ON DEBTS
  5. 15. THE INDIVIDUAL WHO IS REQUESTING THE LOAN
  6. 16. A PORTION OF THE TOTAL COST OF AN ITEM THAT MUST BE PAID AT THE TIME OF PURCHASE
  7. 18. A FORM REQUESTING INFORMATION ABOUT THE APPLICANT
  8. 19. A RECORD OF HOW YOU HAVE REPAID YOUR CREDIT OBLIGATIONS
  9. 21. THE OPPORTUNITY TO BORROW MONEY OR TO RECEIVE GOODS OR SERVICES.
  10. 22. Taking away property due to failure to repay the debt
Down
  1. 1. A RECORD OF A BORROWER’S USE OF CREDIT
  2. 2. A law that protects consumers from discrimination
  3. 3. A loan given in cash, especially by an employer, or credit card company
  4. 4. Who makes funds available for others to borrow
  5. 6. a loan which you must repay in a specified number of equal monthly payments
  6. 7. AN ACCOUNT DESIGNED TO HOLD MONEY
  7. 8. the amount of money borrowed with a loan or the amount of money owed, excluding interest.
  8. 10. A SOURCE OF CREDIT THAT MAY COMBINE ELEMENTS
  9. 12. LIKELIHOOD OF REPAYING A LOAN AS AGREED
  10. 13. Allows someone deeply in debt to create a plan to repay their debts
  11. 14. A NUMERICAL SUMMARY OF YOUR CREDIT HISTORY THAT INDICATES YOUR CREDIT WORTHINESS
  12. 17. A loan based on the value of personal property
  13. 20. A claim upon a property to satisfy a debt