If you find yourself with bad credit or in debt, it is time to reduce credit card debt. A debt is the amount owed by the borrower to the lender. Credit card debt is the amount of money owed - interest, fees, late fees and purchased fees, by the credit card holder to the credit card company. The inability to pay off the minimum amount required by the credit card company or companies is a credit card debt. To reduce credit card debt is to decrease the amount of debt or monies owing to the company. To reduce the credit card debt may refer to decreasing the amount of revolving (late monthly) payments. It may also mean eliminating either usage of the cards or cancellation of the cards all together. In either situation, repayment of the debt is required. This can be brought about through direct negotiation with the holder of the credit card debt or through a second party. This may include the services of debt negotiation, debt consolidation or debt elimination companies or services.