ilmscore | Prediction Details
"If you have $100 in your bank account and you want to buy this $1,000 Gucci scarf, your bank would love to lend you the $900 at 25% APR because when you make the minimum monthly payments, your banker gets richer."
By Minority Mindset | May 29, 2025 | Pending
From video
The 5 Money Lies That Keep Americans Poor 00:13:20 - 00:13:33
Interpreted Prediction
Banks are eager to lend money at high interest rates (e.g., 25% APR) for purchases, even with limited personal funds, as it benefits the bank through minimum payments.

Prediction Details

Topic
High-Interest Debt

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