Across
- 5. A legal agreement to receive cash, goods, or services now and pay for them in the future
- 6. A loan in which the amount of payment and the number of payments are predetermined
- 7. Plastic cards with __________ information that can be used by the holder to make purchases or obtain cash advances us
- 9. A type of credit that does NOT have a fixed number of payments
- 11. Loans that allow a person to finance their education and defer payments until after graduation
Down
- 1. A form of security to help guarantee that a creditor will be repaid
- 2. Cards that look similar to credit cards but that take money out of your checking account
- 3. The person who agrees to be responsible for loan payments if the borrower fails to make them
- 4. A member's earned service, prior service and purchased service
- 5. Works like a credit card but you must pay it off completely every month
- 8. Had an average credit card debt of $5,688 in 2019
- 10. The __________ average credit card balance in 2019 was $6,194