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. Often, these debt reduction and elimination companies will suggest different methods that a person can use to get rid of their obligations. One such method will be discussed in this article. The meaning of the snowball method of debt elimination and reduction can already be deduced from its name. If you watch cartoons, then you might know what this means. You can try out shopping during sales and at the wholesale shopping outlets. You can dine in simpler restaurants to stop spending on fabulous meals and so on. Set a fixed budget. It pays off to work out a definite budget for you to follow. Also do your best to stick with it. If you keep practicing this, you will surely work out on a very effective debt elimination technique that will save you from all possible worries. 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. A good debt elimination program should be the best for you. The fact is, the attitude of "shop-now-worry-later" brought about by credit cards can be addicting. If you do not put those away now, you might never be able to. 2) Pay more than the minimum balance on your debt - Credit companies often require people to pay just a percentage of their debts monthly. Because of this, you will be able to come up with a debt elimination strategy that is tailored to your needs. This means that you will be able to focus all of your efforts to remove your debts. 4) They need your help - If you think that you can dump all of your problems into a debt elimination company, you would be mistaken.