Chapter 4 Vocab. Crossword

A yearly fee that is charged by the credit card company for the convenience of the credit card.
An expense, such as a charitable contribution, that can be deducted from one’s taxable income.
Cost of borrowing money on an annual basis; takes into account the interest rate and other related fees on a loan.
Type of card issued by a bank that allows users to finance a purchase
A detailed report of an individual’s credit history.
A measure of an individual’s credit risk; calculated from a credit report using a standardized formula.
Preferred method of debt repayment; includes a list of all debts organized from smallest to largest balance, minimum payments are made to all debts except for the smallest, which is attacked with the largest possible payments.
A decrease or loss in value.
An interest rate charged to a customer during the early stages of a loan; the rate often goes up after a specified period of time.
Time frame that a loan agreement is in force, and before or at the end of which the loan should either be repaid or renegotiated for another term.
An expense, such as a charitable contribution, that can be deducted from one’s taxable income.