Credit Card Debt: Many Americans won't admit they have a credit card debt problem. Most voice concern about the amount of American credit card debt but deny having that problem themselves. Nearly nine out of ten Americans say credit card debt has not been a problem for them, and most say they know how to handle credit wisely.

Seventy-five percent of Americans say they don't put major purchases on credit cards that they can't pay off immediately. And 69 percent say they won't make even a small purchase on a credit card if they can't pay off immediately.

More than two-thirds say they think it's more important to pay off credit card debt than to save for retirement or for their children's education.

Do you know how much you owe? Do you know how much you're paying in interest charges on your credit cards?

27 percent admit to getting into financial difficulties because of credit card spending. 23 percent say they've maxed out a credit card. 13 percent say they've been 30 days late on a credit card payment in the past year. 11 percent say they've had a credit card debt go to collection.

Tips to prevent credit card debt
1) Only use your credit card cash advance feature for emergencies, because the cash advance interest rate is generally at a much higher interest rate.
2) Pay more than the minimum payment on a credit card bill.

5 ways to reduce credit card debt
1) Apply for credit counseling or debt settlement.
2) Refinance your home or auto to pay off credit card debt.
3) Negotiate debt settlement to charge off credit card debt.
4) Balance transfer credit card debt to a 0 intro credit card.
5) Apply for a personal loan.