Do not kid yourself by saying, "but I can do that anytime I want to". The fact is, the attitude of "shop-now-worry-later" brought about by credit cards can be addicting. If you do not put those away now, you might never be able to. 2) Pay more than the minimum balance on your debt - Credit companies often require people to pay just a percentage of their debts monthly. You need not bring with you a couple of bills when you are out to shop or dine because you've got your handy credit card. But the thing is credit cards simply mean getting trapped into some sort of debts! Therefore, the higher you spend and the oftener you make use of your credit card, the higher your debt gets! Usually, the collateral comes in the forms of properties like the house, vehicle, or any other physical property. The collateral comes then as a requirement of the lending firms to ensure that in case you fail to pay back the loan, they have something to fall back on-and that is through your property that you put up as the collateral. The total and exact amount of the loan that you will have to pay will be shown and these will all be contrasted with the existing installments that you are facing. It must be remembered that the debt consolidation calculator must be used with extreme caution. Yes, it provides you with the assistance in finally summarizing the financial situation you are facing at the moment but all the debt consolidation calculator can offer you are purely estimations. There are a lot of people whom you can approach for help in credit card debt elimination. There are financial advisory services that can help you with the discipline and the mindset you need to eliminate your debts. Some people will give you advice on how to survive while trying to pay off the credit card companies. He or she will know what to do. This kind of plan ensures that you will not miss out on any financial obligation such as the utility bills, car finance, mortgage, rental fees, and so on. On the other hand, a debt counseling will provide you the ample insights about proper financial planning. This will include effective ways of going along with the set budget for your needs.