Across
- 2. buying something without thinking about it and making a conscious decision
- 4. unlicensed lenders that charge illegally high interest rates
- 6. a business that gathers, stores, and sells credit information to other businesses
- 7. checking several places to be sure you are getting the best prices for equal quality
- 9. the amount borrowed p, or the unpaid portion of the amount borrowed, on which the borrowed pays interest
- 11. a person or company hired to collect an overdue balance on an account
- 13. loans in which the interest rates goes up or down with inflation
- 18. remaining credit available to you on current accounts
- 19. an accredited person who borrows money from others, and must be prepaid later
- 20. responsible attitude toward honoring obligations judged on evidence in a credit score
- 21. the timeframe within which you may pay your current balance in full and incur no interest rates
- 25. the measure of creditworthiness based on an analysis of your credit and financial history
- 26. an organization that makes high risk consumer loans
- 28. the total dollar amount of all interest and fees you pay for use of credit
- 29. a complete record of your borrowing and repayment performance
- 30. interest rate that banks offer to their best business customer
- 31. involves providing a service for which you will pay later
Down
- 1. interest computed only on the account borrowed or saved without computing
- 3. the financial ability to repay a loan repay a loan with present income
- 5. the use of someone's money, borrowed now with an agreement to pay it back later
- 8. the cost of credit expressed as a yearly percentage
- 9. a legal business that makes high interest loans based on the value of personal possessions
- 10. a person who agrees to pay the loan if the borrower falls to
- 12. loans in which the interest rate does not change over the life of the loan
- 14. the percentage of interest you pay on a loan.
- 15. tells potential creditors the likelihood that you will repay debt as agreed
- 16. a consumer's credit history issued by a bureau to a business
- 17. treating someone differently based on prejudice rather than individual merit
- 22. a person or business that loans money to others
- 23. a code that protects your account name, number, and other information
- 24. predetermined amount that can be borrowed on demand with no collateral
- 27. state law that sets maximum interest rates that may be charged for consumer loans