Credit

3. A preapproved loan that a bank or financial institution lends to a borrower
6. Asset accepted as security for a loan
9. Sum of money lent or invested,on which interest is paid
11. A person who pledges to pay back a loan if you do not
12. Measure of your reliability to pay back your debts
14. Three main CRA's; Equifax, TransUnion, and ...
15. Interest rate that changes over time
16. A person who borrows money from others
17. Money given to another party in exchange for the principal amount plus interest
18. Ability to borrow money with the agreement to pay it back
19. Amount of time to pay back a loan
20. Record of your ability to pay back debts

1. Interest rate that stays the same for the life of the loan
2. Loans that are secured by a specific form of collateral
4. A type of loan in which a fixed amount is borrowed and then paid back over a specific period of time
5. Three digit number designated to represent your credit risk
7. Percentage rate a bank or lender charges to borrow money
8. Loan that doesn't require any type of collateral
10. Detailed financial account of an individual for the last 7 years
13. A person or company to whom money is owed