Across
- 4. A record of how someone has used credit over time, including loans and credit cards, and whether payments were made on time.
- 5. The smallest amount of money you are allowed to pay on a credit card bill for that month to keep the account in good standing.
- 7. A card that takes money directly from your bank account when you buy something or withdraw cash.
- 8. A credit card that requires a cash deposit as security, which helps people with little or bad credit build or rebuild their credit.
- 9. The amount of money you currently owe on a loan or credit card, or the amount of money in your bank account.
- 10. A person who promises to pay back a loan if the main borrower does not, helping the borrower get approved.
- 11. Money that is borrowed and must be paid back over time, usually with interest.
- 12. An agreement that explains how you will pay back money you borrowed, including how much you will pay and how often.
- 14. A card that lets you buy things now by borrowing money from a bank and then paying the bank back later, usually with interest if you don’t pay it all at once.
- 15. The extra money you earn when you save or the extra money you pay when you borrow.
Down
- 1. A person who is allowed to use someone else’s credit card to make purchases, but is not the main person responsible for paying the bill.
- 2. A number that shows how likely a person is to pay back money they borrow, based on their credit history.
- 3. A monthly paper or digital summary that shows what you bought with your credit card, how much you owe, the minimum payment, and when it is due.
- 6. The percentage of your available credit that you are using, found by comparing how much you owe on your credit cards to your total credit limits.
- 11. The length of time you have to pay back a loan, such as a certain number of months or years.
- 13. The original amount of money borrowed on a loan, not including interest, or the amount still owed.
- 14. The ability to borrow money now and pay it back later, usually with interest.