Credit

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Across
  1. 4. measure of your reliability
  2. 7. Ability to borrow money and agreement to pay it back
  3. 8. detailed financial account of an individual for the last 7 years
  4. 9. A person - such as a parent, close family member or friend - who pledges to pay back the loan if you do not
  5. 10. Sum of money lent or invested on which interest is paid
  6. 11. money given to another party in exchange for repayment of the loan principal amount plus interest
  7. 12. Amount of time to pay back a loan
  8. 14. Keeps a record of a consumer's credit transactions and compiles credit reports
  9. 15. Loan that doesnt require collateral
  10. 17. A record of your ability to pay back your debts, credit card bills, student loans, or a mortgage
  11. 18. Percentage rate a bank or other lender charges to borrow its money
  12. 19. credit that allows the user to borrow money here and there, up to a certain limit and pay off portions as you go or all of it
Down
  1. 1. A three digit number, typically between 300 and 850, designed to represent your credit risk
  2. 2. Also known as lenders,a person or company to whom money is owed
  3. 3. A person who borrows money from others, the money borrowed is called debt, which must be paid
  4. 5. An interest rate that stays the same for the life of a loan, or for a portion of the loan term, depending on the loan agreement
  5. 6. one time loan usualy paid off in equal payments
  6. 7. Asset accepted as security for a loan
  7. 13. An interest rate that changes and adjusts over time in response to changes in the market
  8. 16. Loans that are secured by a specific form of a collateral, including properties and vehicles