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Chapter6Voc1&5CsofCredit

Across
CAN you repay the loan? What is your income, your job, how long have you lived at current residence
WHAT are your assets & net worth?cash, investments, possessions
ASSETS that secure your loan
Credit as a one-time loan you pay over a specified period of time in payments of equal amounts.
WHAT is your credit history?Have you used credit responsibly?
Down
WILL you repay the loan? Are u trustworthy & stable?
An entity that lends money.
Use of credit for personal needs.
Credit as a loan with a certain limit on the amt. of money you can borrow.
Arrangement to receive cash, goods or services now and pay for them later.