You need to have this information so that you can come up with a debt elimination plan that's realistic. Remember: a debt elimination plan should not just look good on paper. 3) Commitment - A debt elimination plan is only good if you are willing to stick with it. You need to have commitment if you want a debt elimination plan to work. In the past, people regarded credit as a convenience they were willing to pay huge amounts of interest for. Today, people see credit as something undesirable. People who want to eliminate their debts need help. Debt elimination companies see this need and attempt to fill it. This demand for the services of a good debt elimination company has created a sudden boom in the industry. 1) Help you plan - A debt elimination service can help you come up with a solid plan to get you out of debt. A good debt elimination service will help you analyze your situation and help you think about the next step you are going to take. Debt elimination services will make sure that the plan you have in mind is: a) Attainable - The plan should be easy enough for you to follow. This will include effective ways of going along with the set budget for your needs. Most of the debt counseling services will negotiate with your creditors with regards to eliminating some late fees, reducing the interest rates for the loans, and extending the term being for a loan you have in progress. What you need to do is to stop borrowing. You need to set aside a part of your money regularly to pay off your debts. Though this type of debt elimination may take long, it will be the easiest on your lifestyle. 2) Get help - Credit card debt elimination may not be easy for you to do alone. Thankfully enough, there are a lot of institutions that can help you with this. Although the internet may provide the fastest access to credit card debt elimination information, not every person has access to the internet. However, everyone has access to books. There are also disadvantages to using books. For one thing, books are not really updated constantly. If you do not have access to an updated book containing credit card debt elimination information, you may end up making use of a debt elimination plan that's already quite impractical.