Record-Setting First Quarter Credit Card Payments

  • Written by Maria LaMagna of MarketWatch

credit cardsA lot of Americans paid big credit-card bills in the first quarter of 2018. And they still have a long way to go.

Americans repaid $40.3 billion in credit card debt during the first quarter of 2018, according to a new analysis of data from the U.S. Census Bureau, Federal Reserve and credit agency TransUnion by the personal-finance website WalletHub.

That’s the second-highest amount paid off in one quarter since the first quarter of 2009, when consumers paid off more than $44 billion.

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