Credit Card Glossary: Terms and Definitions
Tax Reform Act of 1986
The Tax Reform Act of 1986, signed into law by President Ronald Reagan, eliminated many tax shelters, but also eliminated the tax deduction for consumer loans — except for mortgages. Its enactment meant that interest payments on credit cards could no longer be deducted from your taxes.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.