Across
- 1. Property used to guarantee repayment of a loan. 12 A loan backed by property that the lender can take if you do not repay. 13 A person who agrees to repay a loan if the borrower cannot. 14 A company that provides loans or credit cards. 15 A business that allows customers to buy now and pay later. 16 A loan often used to pay for college expenses. 17 A record of how well someone has borrowed and repaid money. 18 The maximum amount you are allowed to borrow on a credit account. 19 A payment made regularly to pay back a debt. 20 A short-term loan that is often expensive and due around payday.
Down
- 2. Money borrowed from a bank that must be paid back with interest. 2 A type of credit used to buy items and pay for them over time. 3 A plastic card that lets you borrow money to make purchases. 4 A person or business that lends money. 5 The extra money paid for borrowing money. 6 A loan used to purchase a house. 7 A loan used to purchase a car or truck. 8 Credit that allows you to borrow up to a limit and repay it repeatedly. 9 A bank account that lets you borrow money up to an approved limit. 10 A loan that usually does not require collateral.