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Start clearing credit card debts - interest rates are expected to rise in 2018

Consumers are advised to stop adding to card balance and cut back on spending

January is a good time for consumers to peruse their credit card statements and consider what's really necessary.

New York

NOW that the holiday spending party is over and credit card statements are landing in mailboxes, consumers would be wise to start whittling their balances, financial advisers and analysts say.

Consumers have been spending freely on plastic as the economy motors along....

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