Credit card debt occurs when individuals borrow money from a credit card issuer to make purchases or withdraw cash. This debt accumulates when the borrowed amount is not paid back in full by the due date, leading to interest charges. The interest rates on credit cards can be quite high, making it easy for debt to grow quickly. Managing credit card debt is important for maintaining financial health. Individuals can reduce their debt by making regular payments, budgeting wisely, and avoiding unnecessary purchases. Seeking help from a financial advisor or using debt management programs can also provide guidance in paying off credit card debts effectively.