Consumers education vocabulary

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Across
  1. 4. a borrower's to pay back a loan given income and debt
  2. 5. public information relevant to financial history
  3. 6. instead of a set loan amount, you are given a maximum amount you are allowed to borrow
  4. 7. a list off installment loan and revolving credit you've had in the last seven years to ten years
  5. 10. report will give social security number address (current and previous) and employment history
  6. 11. an asset which is used to guarantee the loan will be repaid
  7. 12. lender reviews borrower's credit history to understand risk of not being repaid
  8. 13. credit bureaus track any time a lender or other company checks you out
Down
  1. 1. the rate banks charge their best costumers
  2. 2. lowest sum of money to be paid each month on the outstanding credit balance
  3. 3. bank and borrower agree the bank can take ownership of the collateral if the loans is not paid as planned
  4. 7. interest rate on a loan is expressed as an annual percentage of the principal
  5. 8. the outstanding debt at any given time
  6. 9. a number that is an assessment of a person's credit worthiness