The promoters of the debt elimination scams will make matters of debt elimination strategies seem to be useless. They will always feed on your being weak because of the pressure heaped by your ordeals with regards to your debts. So the real thing is if ever you are in debt, you may be daydreaming about the most possible way of ridding yourself of your existing debts. The minimum balance required by most credit companies often just takes care of the principal, but it does not help to decrease the interest. By following this debt elimination tip, you would be able to reduce the interest and shave years off the time you have to pay. b) Put your plan into effect as soon as possible - The longer you delay eliminating your debts, the larger the interest will be. This type of credit card debt elimination program often consists of a special schedule of payment which, when followed, will let you pay your debts off in the fastest time. A person is actually capable of making this type of credit card debt elimination program on his or her own. However, some people just do not have the time or the expertise to put a credit card debt elimination program like this together. 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. So how do you evaluate a debt elimination program? 1) Time - Consider how much time it would take for the debt elimination program to work. Many debt elimination programs available today are able to provide observable results only if you look at its long-term effects. Although many people would say that a good debt elimination program considers the future, there is also a need for you to see immediate results. Because there are important procedures that need to be followed for the deed to become successful. Finding yourself in a pool of debt is no fun. Much more, you have to worry when you are into a serious deal of debts. You will just wake up one day that there are a lot of people who are calling you, writing you, or worst, suing you because you are unable to pay your dues.