3) Find out what is the extra amount you can pay - After you have made the minimum payments for all of your listed debts, try to find out if you can spend an extra amount to start paying off your smallest debt. This means that even though you will be reducing all of your debts, your smallest credit will be eliminated much faster than the others. This is when the company ends its existence, sells all of its assets, and uses the cash to pay off creditors. However, companies may find themselves in situations when they really have no liabilities left. This means that the business has been performing efficiently and that it was able to manage its finances wisely. When you come to an expert with your debt problem, you can be sure that the first step that he or she is going to take to fix your debts is to make a plan. By making a solid plan for debt elimination, you should be able to make rational decisions as to how to accomplish your goal. A financial crisis can be a pretty harrowing experience. This becomes attainable through the carefully planned out and intelligent combination of several bills which are compounded into one. This in turn results to the cutting down of the severely high interest rates which creates tax-deductible loans. Furthermore, the debt elimination calculator will help you discover out the span of time which you will be needing in order to pay for the loan. Another way to tell is through the payment that the company requires for its services. Often, fake debt elimination companies will ask for outrageous fees for very small services. Another way to discern a fake debt elimination company is through its method. Debt elimination can be a long process. However, many fake debt elimination companies today offer you documents that they say would eliminate your debts without you having to spend a single cent. 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. So how can you identify the debt elimination scams from the legal options? The real score in here is that when you've got several sources, you end up confused and torn between the truth and the scam.