SmartMoney Monday: Getting rid of high interest debt

HONOLULU (HawaiiNewsNow) - Besides extra pounds, there's one thing everyone wants to lose in the new year – high interest debt. So what are some things people can do?

If you have credit card debt, you're not alone. In fact, almost 50% of households in the U.S. don't pay off their credit card balance every month. Living expenses are two thirds higher in Hawaii than the Mainland, so people sometimes need to use credit cards to manage living expenses. Fortunately, there are things you can do to consolidate your debt and, hopefully, lower the interest rate you're paying on that debt.

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