If debt elimination can be done without the interpolation of the court officials, then the better it will be. It will be best to get someone who is a professional in this field and then to get help from him or her with regards to a smooth sailing debt elimination arbitration. When these are settled out of court, you are then relieved of the court costs. In fact, debt elimination companies can contact your creditor and come up with a debt elimination plan that will benefit you all. Through a debt elimination company, you will be able to negotiate with your creditors for a smaller interest rate and lower fees. 3) They will study your case - A good debt elimination company does not offer you a "generic" debt elimination strategy. You need to have this information so that you can come up with a debt elimination plan that's realistic. Remember: a debt elimination plan should not just look good on paper. 3) Commitment - A debt elimination plan is only good if you are willing to stick with it. You need to have commitment if you want a debt elimination plan to work. In this manner also, putting up a property for the collateral means getting lower interest rates. The exact amount of the loan can thus be given some favorable discounts by several consolidation firms. In order to save, you can therefore shop around for the best deals when it comes to the lowest occurrence of interest rates. This is because of the fact that books containing credit card debt elimination information are written by recognized experts in the field. Books are also very compact. A person who needs credit card debt elimination information can carry a book around and have access to that information immediately. Although the internet has been developed into a highly mobile technology, it still cannot beat a book when you need comprehensive information regarding something. Today, people who need help are able to contact debt elimination companies through different methods. You can use the technology of the internet to get help wherever and whenever you need it. 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.