Vocabulary On Credit And Understand How FICO Scores are Used

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Across
  1. 2. Public information relevant to financial history.
  2. 4. As a borrower you pay interest to the lender.
  3. 5. Payment for money invested in addiction to repayment of the principal.
  4. 8. A document that chronicles your Credit over the past several years.
  5. 9. Money saved worth more in the future.
  6. 10. The Bank and borrower agree the bank can take ownership of the colateral if the loan is not paid as planned.
  7. 13. Credit bureaus track any time a lender or other company checks you out.
  8. 14. An asset which is used to guarantee the loan will be repaid.
  9. 15. Lender review borrower's credit history to understand risk of no being repaid.
Down
  1. 1. Stays the same for the life of the loads.
  2. 2. Report will give social security Number, address current and previous and employment history.
  3. 3. A number that is an assessment of a borrow's credit worthiness.
  4. 6. A list of every installment loan revolving credit you've had in the last seven to ten years.
  5. 7. The amount you are borrowing from a lender.
  6. 11. Borrower's ability to pay back loan given income and debt.
  7. 12. Those that extend credit.