Across
- 2. taking money from a paycheck to pay back a loan
- 3. loan with collateral that can be taken back; car loans are secured
- 6. the amount of money made in a year; used to determine how much can be loaned
- 7. money given to the lender
- 8. companies that work to get loan payments
- 9. the original amount of the loan
- 11. lenders who loan people more than they can afford
- 13. non-payment of a loan; can result in fees, jail time or repossession
Down
- 1. debt with a contract to repay the money; credit cards are unsecured
- 4. the charge for borrowing money
- 5. item the loan is for can be taken back if the loan isn't paid
- 10. money you can reuse as you pay it back; credit cards are revolving
- 12. loans for items that are paid back in the whole amount; cars, houses, appliances