Money Fix: Paying down holiday debt

Get control your holiday debt by paying off the high-interest... — Get control your holiday debt by paying off the high-interest credit cards first. (Dec. 26, 2011) Credit: AP

By SHERYL NANCE-NASHSpecial to NewsdayJanuary 5, 2012

You contributed happily to the nation's mega-billion- dollar holiday spending spree. Now you've got credit-card-bill shock. There's a remedy for that.

Negotiate a lower interest rate with your creditor, or transfer your balance to a zero- interest card if you can, says Baldi.

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