Debt is very useful for responsible people who know what they are doing and it is the basis of capitalism allowing business to start and infrastructure we all use to be built. For people who borrow without the means to pay back, it is a road to ruin in a downward spiral hard to stop but not impossible. Don't borrow if you don't have a way to pay it back, If you do borrow, pay it off prudently to maximize the benefit and minimize the pain.
