Across
- 2. max amount you can borrow on a revolving account
- 5. assets you pledge to secure a loan
- 7. failure to repay a debt according to agreed terms
- 8. declaration made by a creditor that an account is unlikely to be collected
- 10. record on your report showing when a lender checked your credit
- 11. the money you personally have invested
- 14. lowest amount you must pay on a credit card bill to avoid penalties
- 16. state of being late on a payment
- 17. original amount of money borrowed
- 19. time between the end of billing cycle and due date to pay your balance without interest
- 20. your ability to repay based on income/debt
- 21. the total amount of credit you are using divided by total credit limits
Down
- 1. financial institution that lends money
- 3. loans for an amount repaid with equal payments over a set period
- 4. your credit history and reputation
- 6. measure of your ability to repay debts
- 9. amount of money owned on a credit account
- 12. record of your credit history
- 13. yearly cost of borrowing money
- 15. credit that allows you to carry balance from month to month
- 18. measures likelihood to pay debt