Interest incurred on personal debt and consumer credit, which is not deductible for tax purposes after 1990.
A credit card is a plastic card issued by a bank or finance organization allowing the holder to make purchases in shops, hotels, restaurants, petrol stations, etc., on credit.
Open-End Credit is a revolving line of credit offered to consumers by banks, savings and loans, and other lenders, allowing for repeated borrowing up to a specified limit.
A Retail Credit Bureau is a specialized type of credit bureau that focuses on collecting and maintaining consumer credit information specifically related to retail transactions and credit accounts.
