Vocab chapter 5 FP Crossword
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
 
 
Down: 1) A line of credit in which loans are made on a continuous basis and the borrower is billed periodically for at least partial payment.3) A personal line of credit based on the current market value of your home less the amount still owed on the mortgage.4) One-time loans that the borrower pays back in a specified period of time with a pre-determined payment schedule.6) The use of credit for personal needs (except a home mortgage).7) The borrower's financial ability to meet credit obligations.8) A valuable asset that is pledged to ensure loan payments.9) An arrangement to receive cash, goods, or services now and pay for them in the future.10) The borrower's attitude toward credit obligations. Across: 2) The general economic conditions that can affect a borrower's ability to repay a loan.5) The dollar amount, which may or may not be borrowed, that a lender makes available to a borrower.9) A reporting agency that assembles credit and other information about consumers.10) Fair Credit Reporting Act—Applicable in British Columbia, Ontario, Nova Scotia, and Prince Edward Island. Credit Reporting Agencies Act—Applicable in Saskatchewan and Newfoundland and Labrador. Personal Investigations Act—Applicable in Manitoba. Consumer Protection Act—Applicable in Quebec11) A prearranged loan from a bank for a maximum specified amount.12) A periodic charge for the use of credit.13) The borrower's assets or net worth.
 

 

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