[…] The average interest rate for deep subprime consumers, whose credit scores ranged between 580 and 619, was 9.2%. These consumers paid an average of $6,922 in interest, which the report found represented 13% of their income. In the race to stay afloat when it comes to day-to-day expenses, it may be little wonder then that subprime borrowers are increasingly reliant on credit cards and other lending products, even as delinquencies rise. […]