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. And the science of debt elimination is all about educating you on how to deal with debts when matters tend to become worse. When people who are in debt get paid, they often spend the cash they earned to pay off their debts. This leaves them with a limited amount of money. So what do they do to meet their present needs? They use credit cards, loans and debt instruments. This means that even though they are able to pay off an older debt, they end up with new ones. This means that you need to make a debt elimination strategy that will eliminate your liabilities in the shortest time possible. Also, once you have a plan of action in mind, you must hasten to implement it. 3) Save on cash - Even if you have stopped using credit cards, you should still watch your expenses. 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. 2) A plan - Filing for bankruptcy is a last resort. This is because it does not take a lot of thinking to say that you are out of money. That being said, you need to think out your actions if you wish to accomplish debt elimination without declaring bankruptcy. When you come to an expert with your debt problem, you can be sure that the first step that he or she is going to take to fix your debts is to make a plan. A snowball, when rolled from the top of a hill, will gather speed and increase in size as it moves. This gives you an idea about what this method of debt reduction and elimination aims to accomplish. The goal of this method of debt elimination and reduction is to eliminate your debts in a way that resembles what happens to a snowball.