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A significant theme in Casey’s financial landscape is debt. Despite having a steady income, he admitted to taking out payday loans, and enduring high interest rates on loans for various purchases, including an iPhone and two financed motorcycles. The burden of these loans is palpable, particularly given that Casey found himself $100 over his monthly income each month.
Moreover, Casey's payday loans accrued interest rates as high as 18%, and the total amount owed on just his iPhone exceeded $1,600, including exorbitant interest. This sparked a critical analysis of whether he really understands the consequences of his financial choices.