There are tons of consumer loan types and the most common examples of consumer debt are credit card debts, mortgages, car loans, and student loans. (getoutofdebt.com)
This key rate serves as the benchmark that banks and other financial institutions use to set interest rates for consumer loans, mortgages and other forms of lending. (bankofcanada.ca)
In addition, interest charges on consumer loans like your home equity loan or line of credit is tax - deductible. (debtfirms.com)