Are you worried that it is too late for you to put a debt elimination strategy in place?  Are you afraid you’ll be working at least part time when retirement age hits and you lose your main source of income?

More on Debt Elimination / Debt Management – Is it too late to fix this?

In order to figure that out, we should take a look at what you need to do to actually eliminate the debt. And then ask why it doesn’t happen.

More on Why most people fail at eliminating their debt.

But when is the right time?

Consider the following and know that I am not going to tell you what you should be doing or when you want to eliminate that mortgage. Here’s why. And remember, I want to see you eliminate all of your debt. But you need to be smart about how you go about it.

More on When should you eliminate your mortgage?

According to a recent article in Reuters, nearly 500 Billion dollars in available credit card lines was reduced in the 4th quarter of 2008. And that’s just the start. Estimates are another 2 Trillion will be reduced this year with a potential 2-3 Trillion in 2010.

More on Credit Card Crunch is here…

We’ll first compare our program to settlement and then to the old standby method of paying down debt involving a cash out refinance for a homeowner.

More on The difference between the Financial Compass and Debt Settlement programs.