Which of the following forms of consumer credit is among the cheapest and offers limited tax deductions?
A)Overdraft protection lines
B)Home equity credit lines
C)Credit cards
D)Unsecured personal credit
E)The Wage Earner Plan

Question

Quizplus · Accepted Answer

Home equity credit lines typically offer lower interest rates compared to other forms of consumer credit because they are secured by the borrower's home. Additionally, the interest paid on these lines of credit may be tax deductible, making them among the cheapest options for consumers.

Which of the Following Forms of Consumer Credit Is Among