Across
- 2. The least amount you may pay each month under your credit agreement. (two words)
- 3. The value of the property you possess after deducting your debts.
- 5. Property pledged to assure repayment of a loan.
- 7. A person or business that loans money to others.
- 9. Principal + Interest on a loan.(two words)
- 11. The consumer has the option of paying the balance in full by the due date or making payments at least as high as the stated minimum balance.
- 13. rewards or rebate programs.
- 14. A timeframe within which you may pay your current balance in full and incur no finance charge. (two words)
- 15. When your collateral is seized by a creditor for not paying a loan.
- 16. Enables a borrower to use credit up to a stated limit. As payments are made the limit allows for more use of credit. (three words)
- 17. A preestablished amount can be borrowed on demand with no collateral. (three words)
- 18. The amount of money you have borrowed
Down
- 1. The cost of credit expressed as a yearly percentage. (three words)
- 3. The card holder is obligated to pay the balance in full by the due date.Must be paid entirely by the due date or late fees and penalties may apply. (two words)
- 4. You agree to make regular payments for a set period of time. At the end of that time, you will have repaid the entire debt. (two words)
- 5. The use of someone else’s money, borrowed now with the agreement to pay it back later.
- 6. A person who borrows money from others.
- 8. Doesn’t require collateral from the consumer.
- 10. Will be used in less than a year. (two words)
- 12. Will be used for longer than a year.(two words)