Credit 2025

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Across
  1. 5. the loan you take out to buy a home
  2. 10. the advantage of a ___ rate loan is that the interest rate will not rise after the payments begin
  3. 11. the amount of cash you put down on a large loan, like a car or a house (two words)
  4. 12. the form you have to fill out to borrow money to pay for college
  5. 13. an ___ loan does not require collateral
  6. 14. the good thing about paying off your credit card every month is that you won’t have to pay any ___
  7. 17. a typical mortgage requires a down payment of ___% (spell out the word for the number)
  8. 18. a lender requires this for a secured loan
  9. 20. you don’t have to pay the whole ___ on a credit card, just the minimum payment
  10. 25. a credit ___ lets you spend any amount of money each month (up to a certain limit) and take time to pay it off (with interest)
  11. 27. sometimes when people can’t afford something expensive like a TV or a sofa, they might rent to ___
  12. 28. an interest rate that changes over the course of a loan
  13. 29. with a ___ student loan, the Department of Education pays the interest on your loan while you are still in school
Down
  1. 1. your credit card has a credit ___, which is the most money you can charge
  2. 2. attending a ___ college can create a positive return on investment because you spend much less money on the first two years of college and then transfer to a four-year school
  3. 3. a short-term loan you get and promise to pay back when you get your next paycheck
  4. 4. when you ___ a car instead of buying a car, you pay a monthly payment for several years, but return the car at the end of the term
  5. 6. you can get a car loan from the car ___, but if you come in with a pre-approved loan from a bank, you can negotiate for a better deal
  6. 7. one program that can help you pay for college is ___ (two words), where you get a job on campus and use that money towards tuition
  7. 8. the annual percentage rate you pay on a loan
  8. 9. the word used for not paying a loan
  9. 15. you’re encouraged to consider your ___ on investment when it comes to how much you borrow to pay for college
  10. 16. the length of time you have to pay off a loan
  11. 19. when you buy a condo, you don’t have to pay just your mortgage payment every month; you also have to pay a condo ___
  12. 21. your ___ credit is the amount of money you can still charge on your credit card (this is your credit limit minus whatever you have already charged)
  13. 22. the higher your credit ___, the better interest rate you will be able to get on a loan
  14. 23. the amount of money you borrow and promise to pay back (not including interest)
  15. 24. scholarships and ___ are free money for college, but you have to pay back student loans
  16. 26. if you only pay the ___ payment on your credit card each month, you will end up paying a LOT of interest