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Credit cards can be very useful tools in today's society to purchase large items or speed up the time with which one has to wait for goods and services. However, credit card debt can be a burden, when out of control, can spin many people into a world of financial difficulty. The consequences of this overwhelming debt can often be filing personal bankruptcy. Credit card debt represents the majority of unsecured debt in the world. While the lure of having things instantly and being able to enjoy goods and services faster than if paying by cash is attractive, one should always consider their ability to pay off the debt in a timely manner. This will save a lot of headache and hassle down the road.