Credit
Across
- 3. Money given to another party, in exchange for repayment plus interest
- 7. a preapproved loan that a bank or financial institution lends to a borrower
- 8. Sum of money lent or invested on which interest is paid
- 9. Yearly fee that may be charged for having a credit card
- 13. Interest rate that changes over time
- 14. Someone who pledges to pay back the loan if you do not
- 15. Ability to borrow money and agreement to pay it back
- 17. Amount of time to pay back a loan
- 18. record of your ability to pay back debts
- 19. Loans that are secured by a specific form of collateral
- 20. Card that allows you to make purchases with borrowed money
Down
- 1. A type of loan in which a fixed amount is borrowed and then paid back over a specified period
- 2. Loan that doesn't require any type of collateral
- 4. Interest rate that stays the same for the life of the loan
- 5. Act of transferring debt from one card account to another
- 6. Asset accepted as security for a loan
- 10. Person who borrows money from others
- 11. Three digit number between 300-850, represents credit risk
- 12. Also known as lenders, a person or company to whom money is owed
- 16. percentage rate a bank or other lender charges to borrow its money