Credit Vocab

2. Cindy was ticked off that the bank wouldn't give her an __________ below 5%.
4. Since the loan was __________ debt, there was nothing the bank could take from Tom - so they took him to court.
8. Tina paid off her principal faster by paying more than her __________ payment.
9. Tim's Ferrari that he couldn't pay for is an example of __________ for a loan.
10. A loan is an example of __________ credit.
13. Jenny was desperate for a new high-speed fishing boat, so she went to the bank for a __________ .
14. Mike didn't have the money to pay his bills this month and took out a __________ loan.
15. Eugene paid a lot of interest on his loan because he chose a longer __________ .
16. Marcia didn't have a good __________ saved before buying her car, so her loan will be more expensive.

1. If you __________ on a loan, you could face legal troubles (like Tim).
3. A credit card is an example of __________ credit.
5. Pat bought Taco Bell to celebrate getting approved for a __________ for his dream home.
6. Tiffany's son used her __________ to buy Fortnite V-Bucks without her knowing and her balance went up.
7. John hates amortized loans since his payment doesn't just go towards the __________ .
11. Since a car loan is __________ debt, Tim lost the Ferrari when he couldn't pay for it.
12. You can __________ a car, but you can't keep it at the end.