However, a good debt elimination strategy always begins with these three steps: 1) Stop borrowing - You need to put a limit on your debt if you ever want to eliminate it. People often think of using credit cards as "buying". When you realize that credit cards aren't used to buy but to borrow, then this step should be easier for you. They reason to themselves that losing one's entire fortune is impossible. However, bankruptcy is actually more common than you might think. When a company no longer has the ability to pay off creditors, the company often declares bankruptcy. This immediately dissolves your debt. However, certain consequences come with bankruptcy. The bad part though is that since you haven't started your way in this journey, you have to face the fact that you are still in a pool of debt and the only way out there is to seek for the legality of debt elimination. It is easy to claim that debt elimination is the sole way to lessen your problem. But then how will you take it? This means that you will be able to focus all of your efforts to remove your debts. 4) They need your help - If you think that you can dump all of your problems into a debt elimination company, you would be mistaken. In fact, a debt elimination company needs your cooperation. You need to give the debt elimination company all the information it needs to come up with a debt elimination plan for you. You need not bring paper bills and coins when you shop or dine out. You simply have to swipe your credit card and presto! You have already paid to the cashier all your purchases. But then the real scenario is this while you are paying with the absence of the paper money at your hands, you are likewise incurring debts which you will need to pay. This means that debt elimination services should give you advice on how to properly budget your money. Debt elimination services should help you by teaching you how to prioritize expenses. A good debt elimination service should teach you how to think about the consequences before you spend money on anything.