2007 resolution: Reduce your credit card debt

This year, why not reduce your credit card debt and shred excess credit cards?

Be sure to write a letter to each company first requesting that the credit card account be closed and to send you a confirmation letter.

Then cut (or mulch) those excess cards.

Afterwards, consider keeping no more than one or two cards maximum, preferably ones that earn value for you (e.g. Upromise).

Then resist the temptation to save a few dollars — don’t open any new store charge card accounts.

Good luck!