Americans Paid Off $40.3 Billion In Credit Card Debt During The First Quarter Of 2018 According to data supplied by financial website WalletHub.com, Prescott residents have about $229.8 million in credit card debt, while Prescott Valley residents have $175.9 million. Consumer credit card debt is a bellwether for the overall economy’s health. With that in mind, it may seem to be very good news to hear that Americans repaid $40.3 billion in credit card debt during the first three months of 2018 — the second-highest payoff ever — but considering that the year started with consumers owing more than $1 trillion in credit card debt for first time ever, the news is somewhat less cheery. Only four times in the past three decades have we overspent so much in a year and, in each case, the charge-off rate — currently near historical lows — rose the following year. According to data supplied by financial website WalletHub.com, Prescott residents have about $229.8 million in credit card debt, while Prescott Valley residents have $175.9 million. Using those figures, WalletHub calculates the individual amount owed by household to be $12,153 for Prescott and $10,532 for Prescott Valley. (The study did not list Chino Valley or Dewey-Humboldt.) That’s not as bad as households in Beverly Hills, California, which owe an average of $29,272, but it is a lot higher than those in Clarkston, Georgia, which owe $4,860, according to WalletHub.com. Following are several suggestions from financial experts for paying down that debt: Click the below link to read the full article!