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    Australia's credit card debt accruing interest is staggering $18 billion

    Heard this on the news, it amazed me. There's $18.4 billion credit card debt in Australia accruing interest (Australian Credit Card and Debit Card Statistics 2023). Let's say the average interest rate is 20%, that is $3.6 billion per year that banks are pocketing on poor suckers who fell into...
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