Global Business

3. A plastic card used to purchase goods or services. You receive a monthly bill, and you will pay interest on any balance you carry.
5. Information including credit card payments and outstanding balances.
7. Information such as job history and income.
8. A bank account you take money out of by writing checks or using a debit card.
10. Lenders use this number, which is calculated using all the information in your credit report, to decide whether to give you a loan or a credit card and determine the interest rate you have to pay for a loan or credit card
12. Anything that is purchased with the hope that it will be more valuable or worth more money at a future date.

1. Money borrowed from a financial institution .
2. Information such as Social Security number, current address, and bank accounts.
4. A specific amount of money to help pay for education that is awarded to students based on achievement that does not need to be repaid.
6. Money awarded to students based on financial need that does not need to be repaid.
9. Compiled by agencies to help lenders decide whether or not to loan money to consumers
11. A plastic card used to purchase goods or services. The money is deducted immediately from your account.