There are several descriptions of debt elimination. First is debt consolidation.This is combining all of your debt with a debt consolidation company and having them make your payments for you as you pay them every month until the debt has been repaid.

It's no fun struggling with credit card debt. That's a fact for many people these days. What's harder to figure out is where to turn for help. Debt settlement is one of those options. And it sounds like a life-saver for many people with too much credit card debt - offer your creditors a payoff for less than you owe, and in just a few months you'll be debt free! Who wouldn't want that?

The description of this book leads you to think you’re going to learn some secrets to the credit card industry that can help you get out of debt faster, or “cure” your debt problems. The book has been heavily promoted by Trudeau and his team, including infomercials and internet marketing. While this book (and several others on the same topic) have sold millions of copies, the reviews the book receives are unfavorable to say the least.

Are you considering debt settlement as an option to tackle an ever increasing amount of debt? If your best attempts to maintain minimum payments and keep your credit score out of the dump are failing and you feel you are running out of options, debt settlement can provide a road to real debt relief. There are many pros and cons to consider before enrolling in a debt settlement program or trying to negotiate with your creditors on your own. One of the issues that pops up everywhere debt settlement is discussed is the possible tax ramifications of any “forgiven” debt resulting from a settlement. While it is true that debt settlement could have negative tax effects -should that be a determining factor when deciding if it is right for you?

Based in Scottsdale, Arizona, Debt Settlement USA, Inc. is one of the bigger debt settlement companies in operation today.

Like other settlement companies, they will negotiate with your creditors on your behalf to get them to forgive a large portion of your unsecured debt.

Here are some quick facts about Debt Settlement USA: