Don't have the money now, but can't live without that pair of shoes? Credit cards make this purchase possible. They allow you to rack up serious debt while only paying of a minimum fee each month. That means you could purchase the shoes, the dress, the bag and the perfect necklace for your party and only pay $20 when your bill comes at the end of the month. Sounds like a pretty sweet deal, doesn't it? Well, what many people don't pay attention to and what the banks don't advertise is that the remainder of your debt continues to grow through high interest rates and fees. You think you're in the clear, because you can afford the minimum payment each month, but you lose sight of your total debt, which can become out of control. Credit card debt is a problem for a lot of people. In the first quarter of 2010, banks wrote off $18.7 billion of credit card debt that cardholders could not afford to pay [source: Arends].