Consumer Credit Crossword

an agreement between two parties in which one party lends money or provides goods or services to another party with the understanding that payment will be made at a later date
The legally binding agreement between the borrower and the lender
a portion of the purchase price paid up front
the total amount paid by a borrower to a lender for the use of credit
a responsible person who signs the loan along with the person whom the loan is granted
an individual’s credit and financial behavior over a period of years
the creditor’s evaluation of an applicant's willingness and ability to pay debts and is typically expressed in a letter grade
the party whom money is owed
a statement in a contract that allows the creditor to require full and immediate payment of the entire balance if a payment is missed or the individual fails to abide by the terms of the contract
the amount of money borrowed
an agreement that allows the borrower to use a specific amount of credit over a period of time
a type of open-end credit agreement that offers a choice of paying in full each month of spreading payments over a period of time
a record of a person’s credit history
the party who owes money to the creditor
a loan for an agreed amount of money that must be repaid with interest by a specific date or according to a defined schedule
property that a borrower promises to give up in the event he or she can no longer repay the loan
a preapproved maximum amount that an individual can borrow
having the assets, income, and willingness to repay debt
those who are more likely to pay their debts
credit granted to individual consumers by a retail business
a loan for a specific amount of money that is repaid with interest in regular payments or installments
loans that require collateral
credit granted based on a signed credit agreement
an organization that collects information about the financial and credit transactions of consumers
a numerical measure of a loan applicant’s creditworthiness at a particular point in time