What is another word for consumer interest expense?
Pronunciation: [kənsˈuːməɹ ˈɪntɹəst ɛkspˈɛns] (IPA) 
Consumer interest expense refers to the interest payments incurred by consumers on loans or credit facilities. It is an important measure of the financial health of consumers and is often used by lenders to assess creditworthiness. Synonyms for consumer interest expense include interest charges, loan interest, finance charges, borrowing costs, and debt servicing costs. These synonyms are all related to the cost of borrowing, whether it is for personal or business purposes. Consumers can reduce their interest expenses by making timely payments on their loans, reducing their debts, and shopping around for lower interest rates. Ultimately, managing consumer interest expense is crucial for maintaining financial stability and achieving financial goals.
