Average credit card loan rates are now over 20 percent, the highest they have ever been historically, and at a 20 percent interest rate over a prolonged period of seven or eight years, a borrower will pay more in interest than the amount they initially borrowed.
factualpending
Speaker
Lacy HuntEvidence Quote
“the average credit card loan rate is now over 20 percent it's the highest it's ever been you're right yeah it's the highest criminal now what I said is that the household sector is is either uh completely unaware of the matter of of compound interest or else they are in Dire Straits [8:20]”
Created: 8/12/2026, 6:42:20 PM
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