If all payments are made on time, good credit is established, but if payments are late or not received, then interest is added on back payments, quickly making a credit card bill into a credit card debt. When a student starts charging items to the card irresponsibly, the debt increases. Emergency situations often break a credit card's limit. Car accidents or other unforeseen emergencies that plague everyone put a student in a vexing financial situation. Students on a limited income who are already making substantial payments to creditors can find themselves in a world of financial hurt.
Services are available to help students in credit card debt.