Personal Finance
Across
- 2. Person who borrows money from others
- 3. A plan to limit the use of credit to no more than 20 percent of your yearly take-home pay
- 5. A business that gathers, stores, and sells credit information to other businesses.
- 8. Involves providing a service for which you will pay later
- 10. Someone who promises to pay if the borrower fails to pay
- 16. Unlicensed lenders who charge illegally high interest rates
- 17. A legal business that makes high interest loans based on the value of personal possessions pledged as collateral.
- 20. A liquidation form of bankruptcy for individuals that wiped out debts in exchange for giving up your assets
- 22. Financial ability to repay a loan with present income
- 24. Good Credit Rating
- 25. Loans for which the interest rate does not change
- 26. assets considered necessary for survival
- 28. The process of reestablishing a good credit rating
- 29. Excellent Credit Rating
- 30. Person and or business that loans money to others
Down
- 1. - The interest rate that banks offer to their best business customers.
- 4. The agreement to pay debts that have been legally discharged
- 6. A complete record of your borrowing and repayments performance
- 7. A state law that sets maximum interest rate that may be charged for consumer loans
- 9. Occurs when creditors file a petition with the court, asked the court to declare you the debtor
- 11. A legal process that relieves debtors of the responsibility of paying their debts or protects them while they try to repay
- 12. Treating people differently based on prejudice rather than individual merit
- 13. debts erased by the court during bankruptcy
- 14. Interest rate goes up and down with inflation and borrowers find the rates go up and down during periods of falling prices
- 15. A service to help consumers manage their debt load and credit more wisely
- 18. The use of someone else's money, which is borrowed now with the agreement to pay it back later
- 19. The value of property that possess after deducting debts
- 21. Part of the purchase price paid in cash up front
- 23. A responsible attitude toward honoring obligations, often judged on evidence in the person's credit history.
- 27. A scam that uses online pop up messages to deceive you into disclosing personal info