The average American with $6,500 in credit card debt at a 27% APR, making minimum payments of $150, will end up paying $28,000 to clear the debt.
"if you have the average credit card debt In America which is about $6,500 today and you have the average APR which I believe is around 27% today because it's been shooting up with the higher interest rates and you make the minimum monthly payments of $150 a month it's going to cost you $28,000 to pay off your $6,500 with the credit card debt"
