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. The very first step to look into the difference of the debt elimination scam and the legitimate one is actually very simple. The bogus line like banks can uphold "no money lent" is a form of a debt elimination scam. As long as you aren't able to pay off the principal debt, the interest will keep on increasing. With debt elimination, you will be able to stop this monstrous growth before it overwhelms you. You do not want to spend the rest of your life working to pay off a convenience. 2) Debt limits your abilities - Whenever you are in debt, you find that you aren't really at the top of your game. But then the real scenario is this while you are paying with the absence of the paper money at your hands, you are likewise incurring debts which you will need to pay. The worst part is that when things go out of hand and your spending gets beyond control, you may one face a big trouble regarding the dues that you will have to pay. Often, fake debt elimination companies will ask for outrageous fees for very small services. Another way to discern a fake debt elimination company is through its method. Debt elimination can be a long process. 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 the reason why declaring bankruptcy should be the last resort in business debt elimination. What are the implications of declaring bankruptcy? Well, bankruptcy is an admission of defeat. You are essentially saying that there is no way you can recover financially. Declaring bankruptcy is essentially like saying that you have no future left in a certain business. 1) List all of your debts in order from lowest to highest - This will help you see your goal clearly and allow you to plan. Listing all of your debts will allow you to evaluate them in an orderly manner and this will enable you to plan your debt reduction and elimination strategy clearly. 2) Pay the minimum balance on all debts regularly - Creditors often set a minimum balance that you have to pay regularly on your debt.