Credit card debt occurs when the amount of money owed a credit card company or companies exceeds the amount the credit card holder is capable of paying. This includes both monthly payments and expenditures. In order to eliminate credit card debt, you need to be first aware of your financial situation. This is a record of all your financial expenditures and income. It should also include such things as saleable assets such as property and security items. It is too simplistic to say you can eliminate credit card debt by restricting your credit card use and meeting each monthly payment on time and in full. You need to compile a list of each and every credit card balance. You have to prioritize the debts. Using this information, you can approach the credit card companies. Alternatively, you can decide to use a financial management, a credit counsellor or a debt relief agency. Initially, you must pay any outstanding credit car balances as soon as possible. Arrange for a credit card consolidation or look at debt settlement. Be wary of companies promising the impossible. It requires time, patience and willingness to change your fiscal practices if you truly wish to eliminate credit card debt.