Debt Elimination Plan

Are you trying to choose your debt elimination plan, but aren't sure where to start?  A lot of people are in your shoes right now; so what we'd like to do is provide you with the necessary steps to get started with your own debt elimination plan.  Be sure to stay focused and remember your ultimate goal throughtout:  DEBT FREEDOM!

Are you ready?  Let's get started! 

First thing you'll need to do is gather your debts.  You need to know the exact figures for each creditor that you plan to ad to your debt elimination plan.  From there, you need to determine exactly how much you have to go towards eliminating your debt every month.  If you need to, stop getting those extra lattes from Starbucks and better utilize your money; this is a small sacrifice to make in acheiving your ultimate goal. 

Next, you need to determine which method you will be using in order to eliminate your debt.  As discussed throughout this website, there are 5 main ways to eliminate your debt, although the last method (bankruptcy) will be your last resort: 

Snowball Strategy 

Debt Consolidation 

Credit Counseling 

Debt Settlement 


Click on each one to go to it's page to further explain what that method is.  Or, use the sitemap to review all the articiles pertaining to each option.  It is important that you review each debt elimination strategy to the fullest extent, so that you are sure to pick the right plan for you. 

Finally, review your choice and check for the essentials:  

  • How long will it take to get out of debt? 
  • How much will I pay for this plan?

You always want to know your plan to its fullest extent, all the way to the end. 


With this advice, we're sure you're bound to have questions.  If so, feel free to email with your question and you'll get a prompt response.  This may sound like a lot to do at first, and may be overwhelming; take your time, because you will get through it! Be sure to print out your plan and review it often - this will help you remain focused on your goals to the end. 

Best of Luck!

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Additonal Information

Looking for debt relief? Check out Curadebt.

What does the Bible have to say about debt?