Kylie Endsley
Across
- 3. The three-digit score assigned to your credit profile based on your debt history.
- 4. What is an annual percentage rate called
- 6. A deficit that occurs when you withdraw an amount of money from an account that exceeds the account balance.
- 9. an increase in a value of money that has been set aside.
- 10. The lump sum of money you pay toward buying a home when you take out a mortgage.
- 12. The dollar amount of money you deposited into an account or borrowed, not including interest.
- 13. When you owe money to someone (usually a bank) for borrowing there money.
- 14. Your ownership of an asset after you've accounted for the debt you owe on it.
- 15. A borrower's item, property, or asset that a lender accepts as a guarantee of a loan.
Down
- 1. the total value of all of you assests
- 2. The annual reports performed by each of the three credit bureauo that show all your credit accounts in one place, including your account history and any new accounts.
- 5. A financial instrument that locks away cash so that you can't use it for a certain time in exchange for a higher interest rate.
- 7. A method of calculating interest where you earn a percentage not just of the principal amount but the principal plus any previously earned interest.
- 8. What is a health savings account abbreviations
- 10. When you stop making payments on a loan
- 11. A loan you take out to buy a piece of property, where the piece of property is the collateral. That means if you fail to make payments, the lender can seize the property.