What is credit card debt?

Credit card debt is debt incurred as a result of using said credit card to make purchases of items that you don't have the money to buy at that particular time. Not saying that credit card use is bad, but one should always have the means for paying off that debt every month back down to a "zero" balance.

It's all too easy to get in over ones head in credit card debt - doesn't take long to max out that credit card, then you have no more credit and still have to pay it back without ever using it again. Normal monthly payments could take 14 years or longer to repay.

Use credit wisely and responsibly ... it's better for you and for our economy.