sources and types of credit

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Across
  1. 1. What a car loan is used to buy.
  2. 6. Money owed.
  3. 9. Lending Deceptive, unfair, or fraudulent lending practices used on borrowers desperate for cash.
  4. 11. A person who lends money.
  5. 12. The cost of borrowing money.
  6. 13. Asset A type of asset that loses value over time.
  7. 14. Failure to repay a loan on time.
  8. 16. A home loan.
  9. 19. Credit Credit that automatically renews whenever a payment reduces the debt.
  10. 20. Credit A loan for a fixed amount of money paid back in monthly installments.
Down
  1. 2. The difference between the amount owed on a home and what the home could sell for.
  2. 3. A legal claim against an asset until a loan is repaid.
  3. 4. A person who borrows money.
  4. 5. Something valuable offered as security on a debt.
  5. 7. Borrowed money.
  6. 8. Asset An asset that increases in value over time.
  7. 10. What happens when someone fails to repay a loan on time.
  8. 15. Asset An asset that loses value over time.
  9. 17. Credit What a credit card is an example of.
  10. 18. The original amount of a loan.