Credit Crossword

The percentage charged for the privilege of borrowing money
The amount you borrow
The amount of time you have to repay your principal
Someone who legally agrees to take responsibility for a person's debt if they cannot repay it
The paying off of debt with a fixed repayment schedule in regular installments over a period of time
A member-owned financial co-operative. These institutions are similar to banks, except they are created and operated by their members and profits are shared amongst the owners
A card issued by a financial company giving the holder an option to borrow funds. Credit cards charge interest and are primarily used for short-term financing. Interest usually begins one month after a purchase is made and borrowing limits are pre-set according to the individual's credit rating.
The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents the actual yearly cost of funds over the term of a loan.
The number of days between a consumer's credit card statement date and payment due date when interest does not accrue. The grace period is a window of time during which a consumer owes money to a credit card company for new purchases made during the last billing cycle but isn't being charged interest
The smallest amount of a credit card bill that a credit card holder must pay each billing cycle
The transfer of all outstanding balances from one credit card to a new credit card. Credit card balance transfers are typically used by consumers who want to move their debt to a credit card with a lower interest rate, fewer penalties or other benefits, such as reward points or travel miles
A service provided by many credit card issuers allowing cardholders to withdraw a certain amount of cash, either through an ATM or directly from a bank or other financial agency. Cash advances typically carry a high interest rate - even higher than credit card itself - and the interest begins to accrue immediately
A person who has permission to use and/or carry another person's credit card, but isn't legally responsible for paying the bill
The buyer and dealer enter into a contract where the buyer purchases a vehicle and agrees to pay, over a period of time, the amount financed plus a finance charge