Personal Interest

Filed Under » , ,
Dictionary Says

Definition of 'Personal Interest'

Interest that taxpayers pay on personal and consumer loans. Personal interest is nondeductible, and the rates charged for this type of interest are often quite high. Personal interest that is received by the lender is usually reported on a cash basis.

Investopedia Says

Investopedia explains 'Personal Interest'

Personal interest includes interest on car loans, credit cards, loans for appliances and furniture and interest on loans made by one person to another.

Many consumers elect to take out lines of credit on the equity in their homes so that they can pay off their personal-loan balances and deduct the interest on their lines of credit instead.

Articles Of Interest

  1.

    A Lifeline For Those Drowning In Debt

    Don't wait to be saved, find out where the lifesaving devices are and hang on tight!

  2. Understanding Credit Card Interest

    Paying these rates can impact your disposable income and your investment returns.

  3. 9 Reasons To Say "No" To Credit

    Instead of rationalizing, learn to talk yourself out of buying things you can't afford.

  4. Digging Out Of Personal Debt

    Find out why good intentions can put consumers in an even bigger hole than before.

  5. The Best Way To Borrow

    There are many avenues from which to drum up funding. Find out the pros and cons of each.

  6. Expert Tips For Cutting Credit Card Debt

    Managing your debt could mean the difference between spending $45,000 or saving $184,000.

  7. Are credit cards and debit cards considered debt instruments?

    Consumer debt instruments allow people to borrow money at specific interest rates. In recent years, the credit industry has become very imaginative in the creation and marketing of consumer debt ...

  8. 4 Reasons Why Your Credit Card Company Thinks Your Card Is Stolen

    Find out the most common reasons the bank will fear your credit card has been stolen ... even when it hasn't.

  9. 5 Secrets Credit Card Companies Don’t Want You To Know

    Find out some of the ways you can lessen your interest payments and avoid other unnecessary penalties that lurk in the fine print.

  10. Canadians: Smart Ways To Use Your Tax Refund

    Taxes are an annoying annual chore akin to going to the dentist. Luckily, however, some of us get a nice tax refund after the process. It's important to use this refund wisely though, and Canadians ...
comments powered by Disqus
Marketplace
Hot Definitions

  1. Yield Elbow

    The point on the yield curve indicating the year in which the economy's highest interest rates occur. The yield elbow is the peak of the yield curve, signifying where the highest interest rates occurred.

  2. Xenocurrency

    A currency that trades in markets outside of its domestic borders.

  3. Wanton Disregard

    A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly.

  4. Ultra ETF

    A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark.

  5. Toehold Purchase

    A purchase of less than 5% of a target company's outstanding stockmade by an acquiring company. A toehold purchase of just under 5%, while not a significant stake in a firm, allows the shareholders a "toe-holds" grip on the company and its decision making.

  6. Samurai Bond

    A yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations.
Trading Center
http://sp.fastclick.net/ad/tr/10858-64082-15546-0?mpt=84cf94c8900d38f27f3bde58c568f053