'21% Interest Rates?! You've Got To Be Kidding Me!' Kevin O'Leary Slams Credit Card Debt As 'The Real Silent Killer In America'

When it comes to personal finance, few things spark more debate than credit card usage. However, it seems that for Kevin O’Leary, the “Shark Tank” investor and businessman, the issue couldn't be more obvious—credit card debt is a financial trap. O’Leary's recent remarks about the dangers of overspending and credit card debt struck a chord with many—and for good reason.

O’Leary's advice is to simply track your spending. “Take a piece of paper, you don’t need a computer, write down the money you made in 90 days and how much you spent during that same period," he said in an interview with local Fox morning show "Good Day New York" earlier this week. 

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Most people are shocked to find they're spending more than they're earning. And where does that excess spending end up? On ...

Full story available on Benzinga.com