Consumer interest is considered the worst kind of interest because it is not deductible and is typically charged at a higher rate than other types of interest. For this reason, many consumers have turned to home equity loans as a means of converting their nondeductible consumer interest debt into deductible mortgage interest.
Investment dictionary. Academic. 2012.
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consumer interest — interest paid on consumer loans; e.g., interest on credit cards and retail purchases. Bloomberg Financial Dictionary … Financial and business terms
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