Personal Finance

4. when your points add up.
5. is the agreement to pay debts that have been legally discharged.
6. is the process of reestablishing a good credit rating.
7. the financial ability to repay a loan with present income.
10. debts erased by the court during bankruptcy proceedings.
11. is a record of your debts and a strategy for paying them off.
13. a customer pays bills before due dates.
16. is interest computed only on the amount borrowed (or saved) without compounding.
19. is a legal process that relieves debtors of the responsibility of paying their debts or protects them while trying to repay.
20. is property pledged to assure repayment of a loan
21. when creditors file a petition with the court, asking the court to declare you, the debtor, bankruptcy.
23. checking several places to be sure you are getting the best price for equal quality.
25. is someone who promises to pay if the borrower fails to pay.
26. occurs when you file a petition with the federal court asking to be declared bankrupt
28. unlicensed lenders who charge illegally high interest rate
29. is a person who borrows money from others
30. a customer pays bills on the due date or within a ten-day grace period.

1. providing a service for which you will pay later
2. is a person or company hired by a creditor to collect the overdue balance on an amount.
3. is a person or business that loans money to others
8. is a service to help consumers manage their debt load and credit more wisely.
9. treating people differently based on prejudice rather than individual merit.
12. a company you hire will call your creditors on your behalf and negotiate reductions in the amount you owe.
14. assets considered necessary for survival.
15. is the amount borrowed, or the unpaid portion of the amount borrowed , on which the borrower pays interest.
17. is the percentage of interest you will pay on a loan.
18. the part of the purchase price paid up front.
22. a state law that sets a maximum interest rate that may be charged for consumer loans.
24. is the interest rate that banks offer to their best business customers.
27. is the remaining credit available to you on current accounts.