Debt elimination can help you end this cycle. Debt elimination can make sure that you will enjoy the full benefit of your hard-earned money. Even if you try not to acquire new debts, there's always the matter of interest. Some people say that, "the principal hurts a lot, but it's the interest that will kill you. If you wish to truly get rid of your debt, the first step to take would be to plan. You need to come up with a good debt elimination program. If you wish to make your own debt elimination program, there are a lot of information sources out there for you to use. However, if you think that it will just be too big a job, there are a lot of debt elimination programs and services ready to help you out. Despite today's promotion of the culture of credit cards, many people still know the fact that shopping with a credit card is not buying; it is merely borrowing. This is the reason why credit card debt elimination programs are much sought after these days. How can a credit card debt elimination program help you? Much more, you have to worry when you are into a serious deal of debts. You will just wake up one day that there are a lot of people who are calling you, writing you, or worst, suing you because you are unable to pay your dues. Can you bear this? Will you be able to deal with this matter? When you have several debts, you seem to be working endlessly but then your wage is just enough to pay for the interest rates of your debts. It is possible that you will be able to save a lot of cash when you switch from a higher rate card into a much lower rate one. The slightest difference in the interest rates posed by the credit cards is sure to make a big issue. Just look at the monthly billing statement that comes to you and take a look at how careless you are in spending. You would be able to think clearly and choose wisely. So what are the things you should know about debt elimination companies? 1) There are fake ones - As in every type of business, debt elimination companies also have counterfeits. While a real debt elimination company will help you get rid of your liabilities, fake ones will give you nothing but headaches.