Credit and Debt

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Across
  1. 2. A loan used to buy a home.
  2. 4. Someone who agrees to pay if the borrower cannot.
  3. 6. Something of value a lender can take if you don’t repay.
  4. 7. Being late on a payment.
  5. 9. LOAN A short-term loan with very high fees.
  6. 10. A loan backed by something valuable, like a car or house.
  7. 14. SCORE A number showing how trustworthy you are as a borrower.
  8. 15. Credit that renews as you pay it off.
  9. 17. A payment made regularly until a loan is fully paid.
  10. 19. A legal process for people who cannot repay their debts.
  11. 21. Money owed.
  12. 22. The yearly cost of borrowing money, shown as a percentage.
Down
  1. 1. INTEREST A rate that can change over time.
  2. 3. A loan not backed by collateral.
  3. 5. The person or business providing the loan.
  4. 8. When part of someone’s paycheck is taken to repay debt.
  5. 11. A type of credit that lets you borrow repeatedly up to a limit.
  6. 12. When a borrower fails to repay a loan.
  7. 13. The original amount of money borrowed.
  8. 16. INTEREST A rate that stays the same for the whole loan.
  9. 18. Money borrowed that must be paid back.
  10. 20. A person or company that lends money.