Consumer Lending Crossword Puzzle

A person who makes a legally binding promise to pay another person's debt if that person defaults or fails to pay.
The process of replacing an exisitng loan obligation with another loan usually having better features and rates.
A statistical number that evaluates a consumer's creditworthiness and is based on credit history
The ratio of loan amount to the value of the property for which you are taking a loan
The legal claim of one person upon the property of another person to secure the payment of a debt.
An initial upfront payment (a % of the total loan amount) made at the time of finalizing the transaction when something is bought on credit.
The process of reviewing, analyzing and making a decision whether to approve, deny, or modify an application for credit.
The amount charged, expressed as a percentage of principal, by a lender to a borrower.
Something you use to secure a loan and that you agree to give to bank if you fail to pay back money that you have borrowed
Also known as: Collateral Protection Insurance