There are several websites, books and journals that may post what they term as debt elimination helps but in truth they are plainly debt elimination scams. So how can you identify the debt elimination scams from the legal options? The real score in here is that when you've got several sources, you end up confused and torn between the truth and the scam. 2) Negotiation - A common credit card debt elimination program used by people is to negotiate with their creditors to forma a payment plan which can be easier on them. Often, a person will sit down together with an advisor and his or her creditors to analyze the debts of the person and try to consolidate them into a single debt which would be much easier to pay on the part of the client. When you shop or dine, make sure that you jot down all of your expenses in order to know how much is left to you. Start getting rid of the various unnecessary expenses. If you are fond of dining out for lunch and dinner, why not try cooking at home? By this you are able to save a lot of cash because fabulous dinners would only cost you too much. This gives you an idea about what this method of debt reduction and elimination aims to accomplish. The goal of this method of debt elimination and reduction is to eliminate your debts in a way that resembles what happens to a snowball. This means that it aims to help you start from paying off your small debts slowly, and working your way up to the big debts with increasing speed. Declaring bankruptcy is essentially like saying that you have no future left in a certain business. This type of business debt elimination not only kills your debt, it also kills your future. Why, you ask? Well, business relies heavily on reputation. If you declare bankruptcy, that declaration will stay with you in your future. 3) Save on cash - Even if you have stopped using credit cards, you should still watch your expenses. Follow this debt elimination tip and you can make sure that you never turn to credit for your needs again. Learn to prepare budgets to save as much money as possible. Learn about the wisdom of prioritizing your expenses.