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Credit Debt EliminationPosted on May 1, 2010. Someone has an idea on "Credit card debt elimination" program? Are they or are they really Shams? Be careful ... many are scams. They want thousands of dollars before you get a contract and monthly fees you pay. According to my understanding of credit card debt elimination means paying your debts and get your debt eliminated. And if they are scam or not, depends on the company you choose. Before choosing the company that you can see it is registered with the BBB or not. I used a credit consolidation company a few years ago and it worked well. They charge me $ 30 and as they lowered the percentage rate on my credit cards so I can pay it back quickly. It took about a year to complete the program, but it was worth it. Elimination of debt means paying your debts. Sometimes, small amounts can be negotiated. do you mean to settle the debt, these companies work well when you select a good one in most cases, they will eliminate the debt up to 70%, here's an interesting site, they will give you a free analysis of your debt. Hello, They charge you for the service. CommentsThere are no comments.Leave a Comment | Newest My Friends |