You can likewise bit around the bush shopping for prospect consolidators. Playing for a lesser interest rate in debts by means of debt consolidation can also appear to be risky so it is only proper to handle the issue with an utmost care. It is always wise for you to weigh things and consider all of the possible and available options that come your way. 3) Find out what is the extra amount you can pay - After you have made the minimum payments for all of your listed debts, try to find out if you can spend an extra amount to start paying off your smallest debt. This means that even though you will be reducing all of your debts, your smallest credit will be eliminated much faster than the others. Some people might even say that debt is a very useful part of life. In fact, very few people today do not have any form of debt. This is the reason why they wonder whenever some person talks about debt elimination. Why is debt elimination so important? 1) Debt limits your finances - People who are in debt spend most of their earned money paying those debts. Confrontations are likely to ensue especially that you are under a debt. The tendency is for that person whom you owe to knock on your door and confront you. Because there are times when insults are inevitable, both of your angers are picked on. This leads then to a greater trouble. It is said that you must strip away that negative feeling from yourself and instead, talk about the most possible consensus which you deem will work best for both of you. The worst part is that when things go out of hand and your spending gets beyond control, you may one face a big trouble regarding the dues that you will have to pay. The American people seem to be very hooked into the use of the credit cards. And most of them are also lured into the pool of debts that in turn bring them to extremely boiling water. If you only know how to avoid compounding your balances, you will surely be free from worries such as this. Do not add more to your existing debt. It is best that you only use your credit card for emergency purposes such as you run out of cash and the likes. If you use your credit card on a daily basis, then do not expect that you will be out of trouble.