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.


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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.
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