personal finance

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Across
  1. 2. which are unlicensed lenders who charge illegally high interest rates
  2. 3. a customer that pays bills before the due dates
  3. 4. is a person who borrows money from others. this money must be paid.
  4. 9. is a time frame within which you may pay your current balance in full and incur no interest charges
  5. 11. is property pledged to assure repayment of a loan
  6. 12. is a responsible attitude toward honoring obligations, often judged on evidence in the person's credit history
  7. 18. is a person or business that loans money to others.
  8. 20. the credit bureau assigns points based on factors such as amounts of current debt, number of late payments, number and types of open accounts, current employment, amount of income, and so on
  9. 21. is the cost of credit expressed as a yearly percentage
  10. 23. which is a preestablished amount that can be borrowed in demand with no collateral
  11. 24. is the complete record of your borrowing and repayment performance
  12. 26. credit bureaus gather information from businesses
  13. 28. is where a borrower can use credit up to a stated limit
  14. 29. is the use of someones else's money, borrowed now with the agreement to pay it back later.
Down
  1. 1. is a legal business that makes high-interest loans based on value of personal possessions pledged as collateral
  2. 5. is the value of property you possess after deducting your debts
  3. 6. involves providing a service for which you will pay later
  4. 7. when your points are added up, they result in a credit score that tells potential creditors the likelihood that you will repay debt as agreed
  5. 8. is a stated law that sets a maximum interest rate that may be charged for consumer loans
  6. 10. is treating people differently based on prejudice rather than individual merit
  7. 11. is a written statement of a consumer's credit history, issued by a credit bureau to businesses
  8. 13. is a service available to charge customers whereby purchases are not billed to the customer until much later than standard billing time
  9. 14. is the total dollar amount of all interest and fees you pay for the use of credit
  10. 15. is a measure of creditworthiness based on an analysis of your credit and financial history
  11. 16. is an organization that makes high-risk consumer loans
  12. 17. is a business that gathers, stores, and sells credit information to other businesses
  13. 19. a customer that pays bills on due date or within a ten-day period
  14. 22. is a loan for a specific amount that must be repaid in full, including all finance charges, by a stated due date
  15. 25. is someone who promises to pay if the borrower fails to pay
  16. 27. a person who is considered creditworthy usually meets five basic specifications called the five Cs of credit: character, conditions, capacity, and collateral