Credit Project Crossword

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Across
  1. 3. laws that limit how much interest can be charged
  2. 4. record of your past borrowing and repayment behavior
  3. 5. type of bankruptcy often used by businesses to reorganize
  4. 6. economic factors and loan terms that affect lending decisions
  5. 10. person or company that lends money
  6. 11. using a credit card responsibly and paying bills on time
  7. 14. lower interest rates better loan approval and more financial options
  8. 15. person who owes money
  9. 17. one of the three major credit reporting agencies
  10. 18. number that represents your creditworthiness
  11. 23. one of the three major credit reporting agencies
  12. 24. cost of borrowing money including interest and fees
  13. 26. borrowing cash from a credit card with high fees
  14. 27. legal process for people who cannot repay debts
  15. 29. guideline that debt payments should not exceed 20 percent of income and 10 percent for consumer debt
  16. 30. loan paid back in fixed payments over time like a car loan
  17. 31. type of bankruptcy with a repayment plan over time
  18. 33. flexible loan allowing you to borrow up to a limit
  19. 35. detailed record of your credit activity and history
  20. 37. type of bankruptcy that erases most debts
  21. 38. person with a 550 score pays higher interest and may be denied loans
  22. 43. annual cost of borrowing money expressed as a percentage
  23. 44. generally a score of 670 to 850 showing low risk to lenders
  24. 45. credit you can reuse as you pay it off like a credit card
  25. 46. smallest amount you must pay on a credit card bill
  26. 48. your reputation for paying back money on time
  27. 49. plastic card used to borrow money for purchases
  28. 50. charges added when you miss a payment deadline
  29. 51. debts or money you owe
  30. 52. company that collects and stores credit information
  31. 53. organization that gathers and reports credit information
Down
  1. 1. person who lends money in exchange for valuable items
  2. 2. factors lenders use to evaluate borrowers including character capacity capital collateral and conditions
  3. 7. lowest interest rate banks offer to their best customers
  4. 8. borrowing money with the promise to pay it back later
  5. 9. illegal lender who charges extremely high interest
  6. 10. evaluation of your creditworthiness based on your history
  7. 12. things you own that have value like a car or savings
  8. 13. person with a 750 score gets a lower interest rate on a car loan
  9. 14. time you have to pay your bill before interest is charged
  10. 16. property such as land or buildings
  11. 19. report you can get yearly from the three major credit bureaus
  12. 20. something valuable you promise to give up if you don’t repay a loan
  13. 21. person or agency that collects unpaid debts
  14. 22. money paid for borrowing money
  15. 25. your ability to repay a loan based on income and debt
  16. 28. taking back property when a borrower fails to pay
  17. 32. legal process where money is taken from your paycheck to pay a debt
  18. 34. one of the three major credit reporting agencies
  19. 36. business that lends money to consumers
  20. 39. moving debt from one credit card to another
  21. 40. loan used to buy real estate like a house
  22. 41. maximum amount you can borrow on a credit card
  23. 42. payment plan where you buy now and pay later
  24. 47. money or property used to invest or start something