Credit

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Across
  1. 3. a credit account that lets you repeatedly borrow money up to a set limit and pay it back over time.
  2. 6. a contract agreement in which a borrower receives a sum of money or something of value and repays the lender at a later date, generally with interest.
  3. 7. an agreement between you and a lender that gives the lender the right to take your property if you fail to repay
  4. 8. someone who lends money through a credit card
  5. 10. someone who takes money from a lender
  6. 12. an establishment that completes and facilitates monetary transactions
  7. 15. personal or commercial loans that borrowers must repay with regularly scheduled payments or installments.
  8. 16. debt that is paid back properly like a car or a house
Down
  1. 1. A rate that doesnt change
  2. 2. the amount charged to a borrower
  3. 4. depends on your credit score but it is how much extra money you pay a lender
  4. 5. The time period of investment
  5. 9. who pledges to pay back the loan if you do not
  6. 11. The original money you agreed to payback
  7. 13. The money that gets added and builds up to your bill
  8. 14. loans that are not backed by collateral