Across
- 2. the period of time credit card company gives us to pay our new charges without having to pay interest
- 3. fraudulent acquisition and use of a person’s information
- 6. the reserving of a portion of a credit or debt card balance for the cost of services not yet rendered
- 9. periodic report that credit card companies issue to credit card holders showing their recent transactions, balance due and other key information
- 11. the companies that originally created the chip standard (abr)
- 15. annual rate that is charged for a loan (abr)
- 16. a form that requests information that sheds light on our ability and willingness to repay debts
- 17. the maximum amount an issuer established for us to borrow on a credit card or line of credit
- 19. the combining of several secured debts into a single new loan that is more favorable
- 20. continuing record of a persons credit usage and repayment of debts
Down
- 1. a line of credit a bank gives to it’s customers to cover their check writing overdrafts
- 4. this is something pledged as security for repayment of a loan to be forfeited in the event of a default
- 5. total dollar amount paid to use credit
- 7. overall maximum amount we should owe based on our ability to meet repayment obligation
- 8. a form of open end credit granted to consumers by utilities other service providers that do not require full payment when services are rendered
- 10. refers to a credit card offer prior to screening and one must fill out the application and see if it is approved
- 12. consumer credit that is repaid over a set period of time
- 13. firm that collects and keeps records of your credit history
- 14. an open end credit account between a financial institution usually a bank account and a customer that establishes a maximum loan limit that the bank will permit the person to borrow
- 18. the very high interest rate charged by credit card issuer when a borrower violates the terms and conditions of the agreement