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. Can you bear this? Will you be able to deal with this matter? When you have several debts, you seem to be working endlessly but then your wage is just enough to pay for the interest rates of your debts. This debt elimination tip can save you the agony of losing your money when you are trying to eliminate your liabilities. If you want help, go to a legitimate debt elimination company. They would be able to help you formulate a good debt elimination plan. This may take you sometime, but you will be sure that it works. 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. 3) Save what you can - The third part of this debt elimination strategy involves trying to cut back on your expenses. Even if you stopped using credit cards, there are still certain expenses which waste your money. Instead of having a greater loan amount, there only now exists a bigger repayment scheme and the money will now go to the credit counselor because he will already take charge of the distribution of such to the concerned debtors. Another option is the filing of bankruptcy. There will be no further questions when bankruptcy is the case. However, many fake debt elimination companies today offer you documents that they say would eliminate your debts without you having to spend a single cent. This is definitely a scam. 2) They can negotiate - If you think that all a debt elimination company can do is give you advice, you would be mistaken. However, some people just do not have the time or the expertise to put a credit card debt elimination program like this together. They often consult professionals in order to help them with this. One advantage with this type of credit card debt elimination program is the fact that it costs the least to put together.