A loan for a specific amount that must be repaid in full, including all finance charges, by a stated due date

A person or business that loans money to others

A person who borrows money from others

A state law that set a maximum interest rate that may be charged for consumer loans

An organization that makes high-risk consumer loans

Cost of credit expressed as a yearly percentage

Involves providing a service for which you will pay later

Property pledged to assure repayment of a loan

The total dollar amount of all interest and fees you pay for the use of credit

The value of property you possess (such as bank accounts, investments, real estate, and other assets) after deducting your debts

Timeframe within which you may pay your current balance in full and incur no interest charges

Unlicensed lenders who charge illegally high interest rates

Use of someone's money, borrowed with the agreement to pay it back later

Where a borrower can use credit to a stated limit

Early forms of credit came from stores and they charged a high interest rate

Collateral that is pawned is owned by the pawn shop immediately

You can be turned down when applying for a credit card

You are given a few days past the due date to pay your bill with no trouble or fees

Utility bills (i.e. water and electricity) are examples of service credits