Credit Review

Match it! Select the correct answer from the pull down...Good luck!

The amount of time you have to repay your principal.

An Auto loan is an example of

Open line of credit that can be used for any purchases as long as you’re under the limit; payments vary monthly based on size of the debt.

The percentage charged for the privilege of borrowing money.

A credit card is an example of

Which refers to an open line of credit that can be used for any purchase as long as you're under the credit limit

Something valuable that the lender can take as payment if you can’t pay back your loan (like a house or car).

With a variable rate interest rates _____