| A | B |
|---|
| APR | annual perscentage rate |
| asset | Your items that are valuable to you |
| bankruptcy | legal relief from repaying certain debts |
| capital | a eprson;s financial responsibility |
| collateral | property you use to borrow money |
| credit | the supplying of money, goods or services |
| crditor | the person who supplies the money |
| credit rating | a creditors evaluation of you payment history |
| credit score | a numerical rating based on your credit history |
| delinquent | overdue |
| garnishment | a legal way to withhold a person's wages in order to colelct a debt |
| lien | a claim upon peoperty to satisy debt |
| liabilities | amount a eprson owes, such as unpaid bills |
| loan shark | a person who loans money at a very high interest |
| secured credit | credit that is backed by a pledge of property |
| unsecured loans | a loan that required a signature only to repay a debt |
| default | failure to make payments of a loan |
| credit limit | the maximimum amount of money you can borrow |
| 3 C's | character, capacity, capital |
| 3 P's | reliable persons, credit unions, banks, credit card company |
