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Unit 2 Credit & Debt

Name ___________________________________

                 Date ____________________________
Across
Your FICO score measures your savings account balance.
Paying off your smallest debt first while making minimum payments on other debts, then transferring the amount paid on that small debt to the next largest once the first one is paid off is called using a debt ___________.
Basically a credit score is an "I love ______" score.
One step to get out of debt is to quit __________ money.
On average, over 70% of college students graduate with student _____ debt.
Financial Aid that does not need to be repaid; awarded on the basis of academic, athletic, achievement, or other criteria
A fee that a bank, credit card, or other lender charges for the opportunity to purchase something and pay for it over time.
Student loan debt can have a _______ impact on your future by influencing where you can live, where you can travel, maybe even postpone marriage or having children.
Whether it's credit cards, student loans, or car loans, going into debt is always a ______ idea.
Most millionaires avoid car payments by driving reliable used cars.
Financial aid that does not need to be repaid; generally based on financial need
Down
True or false? When you buy things with cash you always pay more.
To help cash-flow your college education you can get a _____ in high school.
The federal Fair Credit _________Act of 1970 protects the consumers' privacy, and makes sure the credit report is accurate & fair.
Having a lot of debt can have a huge impact on the family _______ and leave no money to do things like go on vacation, eat out, or buy new clothes.
The federal Fair __________ Practices Act of 1977 dictates how debt collectors can interact with individuals.
It it is a ______ that you need to have a credit card.
Debt is _________ to us just like any other product.
The best way to buy a car is to save up & pay ______.
A person or company who loans money