Across
- 1. What is an asset that loses value over time, such as a car?
- 3. What type of loan helps pay for college or other education expenses?
- 6. What is it called when you fail to repay a loan as agreed?
- 8. What type of short-term loan often charges very high fees and is due around your next payday?
- 10. What is the difference between how much a home is worth and how much is still owed on it?
- 13. What is a loan used to purchase a house?
- 14. What is it called when a lender uses unfair or deceptive practices and charges extremely high fees or interest?
- 15. What is something valuable you offer as security for a loan that the lender can take if you do not repay?
- 16. What type of credit automatically renews when you make payments to reduce your debt?
- 17. type of business may lend you money in exchange for an item of value?
- 18. What type of loan is used to purchase a car?
- 19. What is a legal claim against property until a debt is paid off?
Down
- 2. What type of credit is paid back in regular payments over a set period?
- 4. What type of credit allows you to borrow money up to a limit and pay it back over time?
- 5. What type of debt does not require collateral?
- 7. What type of loan uses your vehicle’s title as collateral?
- 9. What is an asset that increases in value over time?
- 11. What is the value you own in your home after subtracting the amount you still owe?
- 12. What type of loan requires you to provide collateral?
- 14. What type of loan can you get from a bank or credit union to pay for personal expenses?