Across
- 2. If you only pay the __________ on your credit card bill each month, it will take much longer to pay off your debt due to interest.
- 4. Because you can spend, pay back, and spend again, a line of credit is considered a form of __________.
- 6. A 60-month __________ on a car loan means you will be making payments for exactly five years.
- 7. When you use a(n) __________, you are spending the bank's money and promising to pay it back, which helps build your credit history.
- 8. Saving up a large __________ for a new house can help lower the total amount you need to borrow from the bank.
- 9. A student loan is a type of __________ because you pay it back in equal monthly amounts until the balance is zero.
Down
- 1. To keep a high credit score, experts recommend keeping your __________ below 30% of your total limit.
- 3. It is important to compare the __________ of different credit cards to see which one charges the highest interest rate.
- 5. When you make a loan payment, part of the money goes toward interest and the rest reduces the original __________ you borrowed.
- 8. If a borrower goes into __________, it means they have failed to meet the legal obligation of repaying their loan.