Thank you for visiting the Debt Elimination Resource.

Here you will find several articles and resources to help you make an informed descision on how to eliminate debt and repair your credit.

It is a very hard thing to face but when you get into financial difficulty you need to accept that you will have to contact the people you own money to and ensure that the lines of communication are open to help them understand your situation and hopefully allow you to work through your problems.

While many people feel embarrassed to admit that they are in financial difficulty it is better to let lenders know the situation than to have them try to second guess why payments are late or missed.

Often they will help you to work through the problems because it is their money at stake and they might be able to extend the term of the loan to make repayments smaller or give you more time to catch up on late payments.

You need to tell them if you can't make a payment on time before the due date and if you can catch up the difference before the next payment is due they might be happy to wait until that time.

They might even decide not to inform the credit bureaus if you tell them in advance and this will stop your credit score getting downgraded.

They are unable to know whether you have a temporary problem that will be resolved shortly or you have more significant problems that will jeopardize the repayment of their money.

Most creditors will think the worst case scenario when payments are not made on time and will record the problem with the credit bureaus so you need to reassure them where you can that their money will be safe.

There are often solutions that can be sorted where there are problems with the payment of bills too, as many people have periods of financial struggle and the utility companies understand this and are usually only too willing to help in the situation and setup a payment program that will help you to cope and them to get their money.

Good communication will prevent dings on your credit score more often than not and show that you are dealing with any issues responsibly and intend to make full repayment of the monies that you owe.

We hope you can find all the information you need to take the right action to free yourself of debt and the stress that it burdens you with.

Please read through the articles and visit the resources pages