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If your before-tax cost of a home equity loan is 12 percent and you are in the 30 percent marginal tax bracket, your after-tax cost of the home equity loan is 9 percent.

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What Is Consumer Debt?

Consumer debt consists of personal debts that are owed as a result of purchasing goods that are used for individual or household consumption. Credit card debt, student loans, auto loans, mortgages, and payday loans are all examples of consumer debt.
 


If your before-tax cost of a home equity loan is 12 percent and you are in the 30 percent marginal tax bracket, your after-tax cost of the home equity loan is 9 percent.






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