They set goals for debt elimination which only accounts for the principal. This debt elimination tip tells you two things: a) Pay more than just the minimum - If you intend to actually eliminate your debt then you have to make sure that you take the interest into consideration when you pay. The minimum balance required by most credit companies often just takes care of the principal, but it does not help to decrease the interest. 3) Personalization - A good debt elimination program should be suited to your needs. Many people out there say that they have the perfect debt elimination program and then demand people to pay them a lot of money for their secret. However, you should not be deceived by this type of offer. There is no generic formula for the best debt elimination program. This thinking limits your ability to work. When you work only to payoff your debts, you will find that you will be less motivated. Since you know that you won't be enjoying the compensation for your work, you won't be able to see the need to work hard. This would cause your work to deteriorate and could even lead to you losing your job. Debt Elimination Scams: A Serious Problem for People People who are faced with problems on debts are always on the lookout for debt firms, counselors, programs, books, journals, websites, and services. Who would not go mad at the pool of debt problems? 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. However, the disadvantage of this type of credit card debt elimination program is that it takes a longer time and a lot of discipline to follow it through. 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. Just look at the monthly billing statement that comes to you and take a look at how careless you are in spending. You will avoid risking the occurrence of debt when you follow this step. Pay your dues. It is very simple to say that you will use your credit card. But then how about paying for your dues?