Debt Elimination Calculator: Its use when Dealing with Credit Card Debts You may be really happy because you ve got lots of credit cards. You may feel too assured because you can always use it anytime of the day and wherever you are. Yes, credit cards can provide you with the needed cash especially when it is for an emergency but didn t you know that with your every swipe comes another set of debts? If you are taken back to your senses, for sure you will be able to control your overly spending habits. Take on another approach. You can cut down your expenses if you divert from your customary practice. Try abstaining from shopping until you drop. You can try out shopping during sales and at the wholesale shopping outlets. How is this done? 1) List all of your debts in order from lowest to highest - This will help you see your goal clearly and allow you to plan. Listing all of your debts will allow you to evaluate them in an orderly manner and this will enable you to plan your debt reduction and elimination strategy clearly. If you are usually spending with the use of your credit card, do not be shocked to find your credit limit too high. The credit card companies are tracking your expenses so do not fall for this trick. The science of debt elimination simply talks about your certain planning and determination to eliminate it from your system. When you realize that credit cards aren't used to buy but to borrow, then this step should be easier for you. You need to throw out your credit cards, ignore any credit offers from companies, and just quit adding to your debt. Whatever you do, do not go for a last minute shopping spree just to say goodbye to your credit card. The debt consolidation is a means of debt consolidation which liberally lessens your debt particularly the interest rates because instead of having to deal with several loans, they will all be rolled into one single loan. The payment is thus to be made for one loan. Debt management is a very effective legal debt elimination procedure.