Scott Walker Struggles with Credit Card Debt

Scott Walker Struggles with Credit Card Debt

August 4, 2015         Written By John H. Oldshue

Presidential candidate and Governor Scott Walker may be like a lot of other Americans who struggle with debt.

According to his financial disclosure form released Monday, Walker has a Barclaycard credit card with an incredibly high interest rate of 27.24%. He has had the card since 2014 and has owed between $10,000 and $15,000 on it.

The report shows he has a second credit card with debt between $10,000 and $15,000 from Bank of America with an interest rate of 11.99%.

In addition to the credit cards, Walker has taken out student loans of more than $100,000 for his two college-aged sons.

Walker campaign spokeswoman AshLee Strong issued a statement that read “As a public servant, the governor gave back hundreds of thousands of his salary to the taxpayers, and he is a regular American with two kids in college and a small amount of credit card debt.”

John Oldshue, founder of LowCards.com, gave this explanation on the very high interest rate on the Barclaycard credit card: “The average credit card interest rate is just under 15%, so if someone is paying 27%, it typically means they may have had an average credit score when they applied for the card or incurred some type of penalty for a late payment along the way.”



The information contained within this article was accurate as of August 4, 2015. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.


john-oldshue

About John H. Oldshue

John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.
View all posts by John H. Oldshue
Featured No Annual Fee Card
Top Features : Earn cash back twice. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Featured Low Interest Card
Top Features : No annual fee; $150 statement credit after spending $1,200 in first 90 days; 0% on Purchases for 12 months and Balance Transfers for 18 months
Featured Balance Transfer Card
Top Features : 0% APR for 21 months on Balance Transfers and 12 months on Purchases; no annual fee, late fee or penalty rate
Featured Bad Credit Card
Top Features : Reports to all three credit bureaus, perfect credit not required for approval
Featured Fair Credit Card
Top Features : All credit types welcome to apply!