Consumer Credit CH 11

4. (2 words) the cost of using credit, including interest and any fees
7. credit backed by a pledge of property
8. a set portion of the loan amount that the borrower must pay at regularly scheduled intervals
9. (2 words) a credit reporting agency that collects info about consumers
13. the business or organization that extends the credit
14. (2 words) a numerical rating, based on credit report info
15. a person with a strong established credit history who signs a credit application along with the borrower
16. (2 words) a record of a particular consumer's transactions and payment patterns
17. (2 words) the maximum amount of credit that the creditor will extend to the borrower

1. the original amount borrowed
2. property that is pledged to guarantee repayment
3. (2 words) a line of credit that can be used repeatedly
5. (3 words) the annual rate of interest that is charged for using credit
6. (2 words) your pattern of past behavior in regard to repaying debt
10. (2 words) a period of time during which the balance may be paid in full to avoid finance charges
11. the supplying of money, goods, or services at present in exchange for the promise of future payment
12. (2 words) an evaluation of a consumer's credit history