Personal Finance

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