Across
- 1. Credit paid back in fixed monthly payments.
- 4. A type of asset if its value rises over time.
- 5. The legal right a lender has to claim an asset until the loan is paid.
- 7. Interest added to the total amount of a loan.
- 10. A loan with equal monthly payments.
- 12. The benefit of an appreciating asset.
- 13. Another word for property or goods used to back a loan.
- 16. An asset that increases in value over time.
- 17. Something valuable offered as security for a loan.
- 18. Credit that automatically renews as you pay it off.
- 19. When a borrower fails to repay a loan on time.
Down
- 2. Term for tricking borrowers into bad loan deals.
- 3. What happens when you don’t make your credit card payments.
- 6. Issue avoided by making payments on time.
- 8. Term describing a car that becomes worth less over time.
- 9. Lending that uses unfair or deceptive practices.
- 11. The difference between what a home is worth and what is owed on it.
- 12. An asset that loses value each year.
- 14. The increase in a home’s value over time.
- 15. What you risk losing if you don’t repay a secured loan.