Credit Crossword

3. also known as an APR, it is the yearly cost of borrowing, including interest and fees
5. the least amount of money one can pay on a credit card bill to avoid penalties
9. the original amount of money borrowed, separate from interest
12. an agency that collects information about your credit history
13. credit that allows you to carry a balance from month to month
15. failure to repay a debt according to the agreed terms
18. a lenders measure of your ability and willingness to repay debts
19. a detailed record of your credit history maintained by bureaus
20. a person who agrees to be responsible for a debt if the primary borrower fails to pay

1. the amount of money currently owed on a credit card
2. a 3 digit number that measures your likelihood to repay debt
4. loans for a fixed amount repaid over a set period with equal payments
6. the state of being late on a payment
7. the total amount of credit you are using divided by your total credit limits, a lower ratio, ideally around 30%, is better for your score
8. a financial institution or person that lends money
10. the maximum amount of money you can use on a credit card(you do have to pay it back + interest)
11. the time between the end of the billing cycle and the due date
14. considered the largest credit bureaus, offers detailed credit reporting
16. a declaration by a creditor that an account is unlikely to be collected, representing a large negative mark
17. a record on your report showing when a lender checked your credit, often divided into hard or soft pulls