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Managing Your Money - Unit 5

Mr. Cameron
Horizontales
A once-a-year fee charged by many card issuers
An amount of money someone is willing to loan another person, based on trust and the expectation that the money will be repaid with interest
The total annual percentage amount it will cost a person to use credit
The actual dollar cost of using credit, which is calculated by the lender
The time allowed, usually 25 days, in which new credit card purchases can be paid off, if there is no previous balance, without being charged interest
Verticales
The length of time covered by a loan
A historical account of how a person has used credit
The entire amount of money a person owes to lenders
A person's payment activity
A legal process that allows someone deeply in debt to create a plan to get out of debt