In order to legally eliminate debt, a person can use a debt consolidation loan, they could negotiate with creditors and they could declare bankruptcy. Borrow money from a lender to pay off all credit cards at a lower interest rate withhelp from a business analyst in this free video on financial planning and debt management. Expert: Terry Kuykendall Bio: Terry Kuykendall is currently a budget analyst for the military in Washington. She is an accountant who has worked at firms helping people …