Debt is defined as a "duty or obligation to repay money, deliver goods, or render services." Credit card debts are a specific type of debt in which the lender is the credit card company or companies. The borrower owes the credit card company repayment of money in accordance with a written contract. The contract specifies the terms, specifically the rates of payment and the monthly amounts due as well as interest on any late payments. Credit card debts are a growing problem. Adverse economic conditions, increased and/or unexpected expenditures, loss of employment and other factors can increase credit card debts. The result is increased defaulting on credit card loans. An increase in credit card debts also produces more mechanisms to handle the situation. Ths includes both legitimate services and scammers. Relief from credit card debts may involve lawyers, debt management firms, debt relief programs and debt consolidation services. These are only a few of the several ways of dealing with credit card debts.