Economics Credit and Debt

5. term used to explain the increase in the cost of goods over time
6. student loans in which the government pays interest
8. a number used to signify how trustworthy your credit is
10. the largest form of debt you will ever have in your life; house payment
13. this is NOT used to affect your credit score
15. students need to fill this out to see if they are eligible for financial aid
16. you are responsible for the interest on these student loans
17. things like cars, appliances, or furniture
18. a good rule is never have more than this % on a credit card balance (hint: it is a number)
19. the amount something can hold or contain
21. school ends this month
22. money owed
23. how much money you make

1. using this takes money directly out of your checking account
2. something that must be given up front to ensure a loan is paid off
3. the amount borrowed
4. period of time in which no payment is due on a credit card
7. colleges may award this for good grades
9. the amount to pay to borrow money
11. capital of nj
12. government student loan that parents may use to help pay for child's college
14. using a cellphone in class during a test will result in this
19. buy now and pay later or over time
20. used to investigate applicants income or debts