financial literacy

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Across
  1. 3. Asset An asset that loses value, like a car
  2. 5. Consolidation A loan used to combine multiple debts into one
  3. 6. Something valuable offered as security for a loan
  4. 8. Lender A lender who uses unfair or deceptive practices
  5. 11. The person or group who gives money to borrowers
  6. 14. The value of a home minus what you owe
  7. 15. Failure to repay a loan
  8. 17. Loan Money borrowed to pay for college
  9. 18. Account A type of credit account that can be used repeatedly up to a limit
  10. 19. A legal claim on an asset until a debt is repaid
Down
  1. 1. The type of loan used to buy a home
  2. 2. Credit A loan with fixed payments each month
  3. 4. Loan A loan that does not require collateral
  4. 7. Asset An asset that increases in value over time
  5. 8. Loans Loans with very high interest and unfair terms
  6. 9. Loan A loan for buying cars, paid monthly
  7. 10. Equity Loan A personal loan that uses home value as credit
  8. 12. Credit type that works like a credit card using home equity
  9. 13. Credit Credit that renews when you make payments
  10. 16. Loan A loan that needs collateral