Of course, the dept is something very bad and brings nothing but troubles.
That happens when loans/debts are taken without prior planning of how you should return it and what are your plans on using the money you took to get something extra out of it. If you see you would earn less than the interest you will pay then obviously don't take a loan.
I had a lot of problems as I decided to buy a car in dept, but the problem was I had no money to pay for my debt, and only in three months I started receiving calls from a debt collecting company.
Don't mind me saying but that is the worst attitude, not having backup and taking loan to buy a car is like
'let's enjoy today , what happens tomorrow, I don't care!'They called me unstoppable. It was not right as they did not give me a quiet day. Thankfully I found a law company that helped me resolve all the problems as my rights have been violated. If you have the same problem, I think it would be helpful for you to check the site I am talking about. So if you are interested, just check how <removed url> works. Stay safe and have a wonderful day!
You are lucky that you came out of this because it is nearly impossible when you don't have earnings and you spend like a king without thinking of future consequences.