Credit

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Across
  1. 3. secured loans where the vehicle itself is used as a collateral
  2. 5. an interest rate that does not change over time.
  3. 6. rate Percentage of amount borrowed to be added to the amount loaned and paid back
  4. 8. loan loans backed by collateral that the bank can claim if the borrowers do not repay them
  5. 9. a person or institution that owes a sum of money.
  6. 11. persons or institutions to whom money is owed, lenders
  7. 13. money you can borrow from the U.S. Department of Education or a private organization to pay for college and repay later with interest.
  8. 14. A summary of a person's borrowing and repayment history
  9. 17. asset accepted as security for a loan
  10. 18. A person who is equally responsible for paying back debt under the credit terms
  11. 19. An amount of money given to the borrower for a set period of time. After the set time has passed, the money must be paid back plus the lending fee, called interest. Payments are normally made over a series of months.
Down
  1. 1. loan a loan that doesn't require any collateral
  2. 2. Percentage of amount borrowed to be added to the amount loaned and paid back
  3. 4. A three digit, typically between 300 and 850, designed to represent your risk
  4. 7. a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender.
  5. 10. an interest rate on a loan or security that fluctuates over time because it is based on an underlying benchmark interest rate or index that changes periodically.
  6. 11. An arrangement to receive cash, goods, or services now and pay for them in the future
  7. 12. something, typically money, that is owed or due.
  8. 15. amount to pay back a loan
  9. 16. The amount of money borrowed