Williams Consumer Ed Word Scramble
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| Term | Definition |
| Principal | a set portion of the loan amount that must be paid at a regularly scheduled intervals |
| Installment | the original amount of money borrowed plus inter |
| Creditor | a business or organization that extends credit |
| Credit | the supply of money, goods, and services in exchange for the promise of payment |
| Cosigner | person with strong established credit that signs the credit application and contract with the borrower |
| Credit score | numerical rating based on credit report info |
| Credit rating | an evaluation of a person's credit report info |
| APR | an annual percentage rate that is charged for interest |
| Credit limit | The maximum, amount of credit that the creditor will extend to the borrower |
| Down Payment | portion of the purchase price paid with cash or check at the time of purchase |
| Bankruptcy | legal relief from paying certain debts |
| Lien | claim upon property to satisfy a debt |
| Repossession | taking away property for failing to make payments |
| Garnishment | legal withholding of a person's wages in order to collect a debt |
| Delinquent | overdue payments |
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