Some of these are: 1) Self- help - This type of credit card debt elimination program makes use of your own resources to get rid of your debts. This type of credit card debt elimination program often consists of a special schedule of payment which, when followed, will let you pay your debts off in the fastest time. 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. Most of the debt counseling services will negotiate with your creditors with regards to eliminating some late fees, reducing the interest rates for the loans, and extending the term being for a loan you have in progress. 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. If you are facing the worst part of your life that is tons of debt with your credit card account, try out looking for valuable insights on debt elimination techniques. You may have been working your ass off but it seems that your wage is simply just enough for the interest rates that you have to pay for. Legally, you say that you don't have any money left. Because of this, the government will be obliged to see to it that your claim is true. You will also not be able to touch your assets, since you technically do not own anything. This is the reason why declaring bankruptcy should be the last resort in business debt elimination. The science of debt elimination talks about setting up a realistic budget that you know you can follow. Do not set up a precise budget but at the end of the day you find yourself going beyond it. That will be utterly useless. To settle things straight, it is only proper to look into the exact amount of money that comes to you and the amount that you spend for your needs.