Debt negotiation is said to be the fastest legal way of debt elimination. This likely rids you of the personal loans and most credit card debts while being far from getting bankrupt. But then you must have the debt negotiation handled by a very professional person because this may be really tricky. You should not make your debts a permanent part of your life. How to Evaluate a Debt Elimination Program When you ask people about their goals for the future, most would answer that they would try to get rid of their debt. However, when you inquire just how they plan to do that, most would answer with a shrug of the shoulders. If you wish to truly get rid of your debt, the first step to take would be to plan. It is very common for businesses to be under some disputes in billing, disagreements on the contracts stipulated, and some visible discrepancies with the accounts. These are among the common causes of the downfall of a business firm. Most of the times, these kinds of discrepancies always end up in the court of laws thereby making the business owners pay for handsome attorney s fees and other related court costs. Credit companies get their income from interest. The longer you are indebted to a company, the bigger the interest is going to be. Companies that offer a low minimum balance are just making sure that you will be paying interest for a long time. If you set aside some of your cash to pay more than the minimum balance on your debt, you will ensure that your debt does not increase anymore because of interest. People are beginning to look at credit in a whole new light. In the past, people regarded credit as a convenience they were willing to pay huge amounts of interest for. Today, people see credit as something undesirable. People who want to eliminate their debts need help. Debt elimination companies see this need and attempt to fill it. This may take you sometime, but you will be sure that it works. By following this debt elimination tip, you will accomplish your goal without paying too much for it. 2) Remember that interest increases over time - People often forget about the interest. They set goals for debt elimination which only accounts for the principal.