Across
- 2. Also known as lenders.
- 4. The ability to borrow money from someone else with the agreement to pay it back later.
- 6. Annual rate that takes interest and other fees into account.
- 7. Also known as revolving credit.
- 11. Interest rate that stays the same.
- 14. Secured by a specific form of collateral.
- 15. Asset that a lender accepts as a security loan.
- 17. One-time cash payment that is submitted early in the loan application process.
- 18. Time given to pay back loans.
- 19. A record of the way you handle your money and credit.
- 20. Person who pledges to pay a loan if you don't.
Down
- 1. Table that summarizes credit.
- 3. A person who borrows money from others that must be repaid.
- 5. Three-digit number between 300-850.
- 8. Percentage rate a bank or other lender charges to borrow money.
- 9. Fixed amount is borrows,Auto Loans and Boat Loans.
- 10. Rate changes over time.
- 12. A sum of money lent or invested, on which interest is paid.
- 13. Doesn't require any collateral.
- 16. Money given to another party, needs to be repaid plus interest.