Credit Unit Vocabulary

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Across
  1. 5. a feeling of guilt, regret, or uneasiness after making a purchase
  2. 7. the additional cost a lender charges for borrowing their money
  3. 8. a legal claim (or right to own) against an asset until the debt (loan) is repaid
  4. 9. the original amount of a loan
  5. 12. the act of fraudulently gaining and using the personal information of someone else, usually for financial gain
  6. 14. an asset that loses value over time
  7. 15. the amount of time, in months, that you’ll be making payments
  8. 16. when the value of an asset falls below what is owed on it
  9. 18. the unauthorized use of your debit or credit card number and PIN or the forging of your signature
  10. 19. the increase in value of a home over time
  11. 20. buying anything without planning to do so in advance
  12. 22. money owed to another person or company
  13. 23. a lender who uses deceptive, unfair, or fraudulent practices on borrowers who are desperate for cash
Down
  1. 1. a statistical number used to represent a consumer‘s creditworthiness
  2. 2. a loan for a fixed amount of money that‘s paid back in monthly installments
  3. 3. the state of being satisfied with who you are and what you have in life
  4. 4. an asset that increases in value over time
  5. 6. the shopping people do to lift their mood when they’re discontent
  6. 10. credit that automatically renews whenever a payment is made to reduce the debt
  7. 11. a company that collects credit rating information and makes it available to creditors
  8. 13. the loss of value of an asset over time
  9. 17. the percentage of your available revolving credit (such as credit cards or personal lines of credit) that you are currently using
  10. 21. something owned (that has value) offered as security on a debt
  11. 24. failure to repay a loan on time