Love & Money Crossword Challenge

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Across
  1. 5. A person who signs a loan with you and agrees to be responsible.
  2. 6. The process of paying back a loan in equal monthly payments.
  3. 14. A strategy that focuses on paying off highest interest first.
  4. 16. The percentage that lenders use to measure your monthly debt compared to income.
  5. 18. A type of credit involving fixed payments over time.
  6. 20. The total amount you currently owe.
  7. 21. The annual cost of credit expressed as a yearly interest rate.
  8. 22. The maximum debt guideline that suggests no more than 20% of annual income and 10% monthly payments.
  9. 23. The method of paying off the smallest debts first.
  10. 25. Credit A type of credit where you can borrow repeatedly up to a limit.
  11. 26. A forced sale of property due to missed loan payments.
  12. 27. A credit check that can hurt your credit score if done often.
  13. 28. Consolidation A loan that combines multiple debts into one payment.
Down
  1. 1. A business that specializes in collecting unpaid debt.
  2. 2. When you borrow against your credit card to get cash.
  3. 3. A detailed listing of your credit history.
  4. 4. The legal process that can eliminate certain debts but damages credit.
  5. 7. A type of bankruptcy where assets are sold to repay debt.
  6. 8. The rate charged for borrowing money.
  7. 9. Money owed that reduces future income.
  8. 10. The period of time you have to repay a loan.
  9. 11. A claim placed on property when a borrower owes money.
  10. 12. A number that summarizes your creditworthiness.
  11. 13. Property promised to a lender if a borrower defaults.
  12. 15. One of the “Big Three” credit reporting agencies.
  13. 17. The amount of money originally borrowed.
  14. 19. Borrowed money that must be repaid with interest.
  15. 24. A fee charged for using credit.