This bingo card has a free space and 25 words: the ability of a customer to obtain goods or services before payment, a person or company to whom money is owed, installment loan is a loan that is repaid over time, a company that collects information relating to the credit ratings, a number assigned to a person that indicates to lenders their capacity to repay a loan, Debt collection is the process of pursuing payments of debts, aging report is the primary tool used by collections personnel, money owed to a company by its debtors, Business credit is the ability for a company to obtain borrowed money, A credit risk is the risk of default on a debt, first in order of importance; main, finance charge is any fee representing the cost of credit, It means you are no longer an authorized user to the credit bureaus, secured credit means credit/loan that is backed by a collateral, Open-end credit is a approve loan between a financial institution, Closed-end credit is a type of credit that should be repaid in full amount, A debit card issued by or in conjunction, A credit score is dynamic and can change positively, credit advanced to consumers for the purchase of goods or services, a person or institution that owes a sum of money, Unsecured credit cards are the most common type of credit cards, A company's policy on when its customers should pay for goods or services, trade credit is an essential tool for financing growth, The term annual percentage rate of charge, corresponding sometimes to a nominal APR and character, capacity, capital, conditions and collateral.
Financial Literacy Terms & Definition | CREDIT BINGO | bingo | General Finance Terms | Financial Literacy Terms & Definitions
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