Despite paying off $34,700,000,000 during the first quarter of the year, U.S. consumers are on pace to rack up more than $55,000,000,000 in credit card debt in 2015.

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Despite paying off $34,700,000,000 during the first quarter of the year, U.S. consumers are on pace to rack up more than $55,000,000,000 in credit card debt in 2015. This year's first quarter debt paydown was seven percent larger than those in 2013 and 2014. Debt reduction, however, is common in the beginning of the year due to the timing of annual salary bonuses, tax refunds, and the resolve provided by...