Credit

1. A loan that doesn't require any type of collateral
3. A person who borrows money from others, and the money borrowed is called debt, which must be repaid
5. A three-digit number, typically between 300 and 850, designed to represent your credit risk.
7. Amount of time to pay back a loan
9. A sum of money lent or invested on which interest is paid
10. Ability to borrow money and agreement to pay it back
12. Measures your reliability;must have the ability and willingness to pay your debts
15. A pre-approved loan that a bank for financial institution lend to a borrower
16. A person- such as a parent, close family member or friend- who pledges to- pay back the loan if you do not
18. Money given to another party in exchange for repayment of the loan principal amount plus interest
19. Interest rate that stays the same for the life of the loan

2. Also known as lenders, a person or company to whom money is owed
4. Detailed financial account of an individual for last seven years
6. Asset accepted as security for a loan
8. Percentage rate a bank or lender charges to borrow its money
10. A type of loan in which a fixed amount is borrowed and then paid back over a specified period.
11. Loans that are secured by a specific form of collateral, including assets such as property and vehicles
13. Allows access to your credit report once a year for free
14. Interest rate that changes over time
17. A record of your ability to pay back your debts, whether it be credit card bills, student loans, or a mortgage