What are the effects of credit card debt?

What are the effects of credit card debt?
Im doing a report on Credit Card Debt and there isnt much about the direct effects of being in credit card debt.
I know bankruptcy is an effect but what else can happen?
Best answer:
Answer by itzallgeek2me
depending if your on time with your monthly payments or not. your credit score is effected, your interest rates go higher, your chances of getting a good deal on a car or house go down, etc
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