Between 1920 and 1990, buying on _______ became the American way of life.

A ___________ is a person who borrows money from others.

A _________ is a person or business that loans money to others.

To qualify for credit, you must have the ability to repay the loan. Qualifications are based on

Two disadvantages of credit are

Your credit __________ is the complete record of your borrowing and repayment performance.

TransUnion, Experian and Equifax are 3 of the big national credit ____________.

Using the bank’s money that’s borrowed now, with an agreement to pay it back later:

For an automobile loan the car is considered_____. If loan is not paid, the car will be repoed.

A written statement of a consumer’s credit history, detailing loans, payment info, late payments, and personal information:

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

A pre-established amount that can be borrowed on demand with no collateral :

Anytime a business with a ‘permissible purpose’ checks your credit is known as a:

A court order that will allow creditors to collect the debts you have agreed to pay:

A legal process that allows part of your paycheck to be withheld for payment of a debt:

The financial ability to repay a loan with present income

As payments are made on a credit card, the limit allows for more use of credit is an example of which credit type?

This type of credit does not allow continuous borrowing or varying payment amounts, such as an installment loan:

This consumer protection law prohibits credit discrimination on the basis of race, color, religion, national or because you get public assistance: