Finance Vocabulary

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Across
  1. 3. The money that you borrow
  2. 6. A person who loans their own money to you (Parents, friends, family members)
  3. 10. Your income (Do you make enough money to make a loan payment?)
  4. 11. The business that is lending you the money
  5. 12. Failure to pay your debts as agreed
  6. 14. How much money you borrow
  7. 15. Process of getting one loan with a single monthly payment to pay off all your debt
  8. 16. Pre-approved loan amount that can be used over and over
  9. 17. A source for credit, but they have a higher interest rate because they make riskier investments
  10. 18. A number that each person is assigned to show your ability to repay a loan
  11. 19. Receive a service and pay for it later
Down
  1. 1. The person borrowing money
  2. 2. The debtor is protected from any more actions by creditors
  3. 4. A service that works with you to make a plan to pay off debt
  4. 5. Putting up something of value in place of a loan (a car, house, boat, etc.)
  5. 7. Your net worth
  6. 8. The extra money you pay to borrow money
  7. 9. Type of revolving credit that you can use over and over
  8. 13. A Service that helps manage credit to avoid bankruptcy
  9. 20. The ability to borrow money and pay for it later