Units 4+5 Personal Finance

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Across
  1. 5. A loan on a home
  2. 7. How long you will be paying off a loan
  3. 8. A kind of loan that is immediate, high interest, and requires rapid payback
  4. 10. Credit _______ measures how much of your credit limit you are using
  5. 11. You take out one large loan in order to quickly pay off all your others
  6. 13. This kind of loan requires the borrower to back up their borrowing with collateral
Down
  1. 1. This is the word for the actual money borrowed before interest has occurred
  2. 2. You pay back the easiest debts first, then the large ones
  3. 3. Kind of loan when you take the entire sum of the loan out at once
  4. 4. The amount of money you pay on a large purchase before taking the rest of the value out with a loan
  5. 6. A number between 300 and 850 that shows how responsible of a borrower you are
  6. 9. You pay off the hardest loans to pay off first
  7. 12. The annual interest percentage on a loan