Eliminating debt takes lots of grit and determination, and strategically attacking your debt will save you time, energy, and money. Here's how to tackle different types of debt, and get rid of it once and for all. Credit card debtThe best way to attack credit card debt is by using the debt snowball. But first, create an emergency fundThe quickest way to derail your debt repayment efforts is to have an unexpected expense. If you do have an emergency and have to use some of the money, you simply pause your debt repayment plan to replace what you spent.