consumer Education Vocabulary

12345678910111213
Across
  1. 2. note document signed by person applying for a loan that states they will repay the amount borrowed
  2. 3. an advance of money to a customer
  3. 4. lender reviews borrower's credit history
  4. 5. those that extend credit
  5. 6. loan bank and borrower agree the bank can take ownership of the collateral if the loan is not paid as planned
  6. 9. value of money saved worth more in the future
  7. 10. repossession of a house due to borrower defaulting on a mortgage
  8. 12. starting amount
Down
  1. 1. not showing a proper sense of responsibility
  2. 3. an asset which used to guarantee the loan will be repaid
  3. 7. borrower is not following terms of loan payment
  4. 8. a loan is past due
  5. 11. a borrower's ability to pay back a loan given income and debt
  6. 13. paid as a borrower you pay interest to the lender