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There are many reasons why people end up in credit card debt. And when applying for future credit or even apartment rental, a bankruptcy may come across as an inability to take responsibility for one's finances and this is not one of the best ways to eliminate credit card debt. Some people use credit cards to make purchases that they cannot realistically afford to pay for. The result of all of this professional debt service is that the borrower starts an affordable monthly payment which the creditor agrees to.