Debt is a very hot topic nowadays as more and more people are finding themselves engulfed by it, not knowing what to do. And despite the debt relief methods set in place that are very good at eliminating various proportions of your debt, erasing it is a whole other matter, as it is not really viable for the economy to allow such actions to be taken on a large scale.
Erasing debt means that you will not pay anything back to your creditor, but this is simply not acceptable in this day and age as it would bring about effects similar to those of abusing bankruptcy - a lot of creditors will be forced to go out of business because they will simply lack the funds to continue functioning.
If you truly wish to help the economy and your own financial situation at the same time, it is best to use one of the already available debt relief options that have been created specifically for keeping the economy safe, whist also helping people deal with their debt. After you have successfully eliminated art of your debt and are keeping up with the remainder of your payments, it is up to you to stay free of debt in the future, by being careful with your personal habits.
For example, if you own multiple credit cards that you don't really need, you could certainly try to get rid of dome of them. Keep one or two for emergencies and get rid of the other ones, as credit cards can easily accumulate debt without you even realizing it because, as we all know, they are hard to manage and keep track of. You should also address your spending habits - don't buy things that you don't actually need or things that you don't have enough money to buy at the moment - this would just make you use credit and that may start you on a road to debt once again, after just having beaten it once.
The best solution for debt is preventing it and learning from your past mistakes. Remember that this doesn't only involve you, it also affects other people in the country that depend on the economy being sound.
Debt settlement is a legitimate alternative to filing bankruptcy and often makes sense for consumers on the verge of bankruptcy. There are also other debt relief options available so it would be wise to speak with a debt relief specialist to go over your different options.