Across
- 2. Maximum amount that can be borrowed
- 4. original amount borrowed before interest
- 6. fixed amount borrowed and repaid with interest.
- 7. interest rate that stays the same
- 11. percentage charged on borrowed money
- 12. credit backed up by collateral
- 13. cost of borrowing money or extra money paid back
- 14. card allowing borrowing up to a set limit
- 19. debt that can improve future income or value
- 20. debt used for nonessential items that lose value quickly
Down
- 1. interest rate that changes over time
- 3. interest earned on principal and prior interest
- 5. credit without collateral
- 8. Record of credit history
- 9. money that is owed to a lender
- 10. smallest required monthly payment
- 15. Number representing creditworthiness
- 16. failure to repay a loan
- 17. fee charged for late payment
- 18. ability to borrow money now and repay later usually with interest