To be sincere with you, debt is just like demotion. It is as if you are going forward, but something is dragging you back. When you are owing money, you will not be able to plan another thing that will benefit your life until you clear such debt, and you will be like some one who is not even getting the money at all. Although I know that some conditions require you to collect debt, sometimes it is not really to set some financial problems that come your way, but the real thing is to pay it back.
To most, debt is a trap. It's like being in a hole that the sides keep caving in - you have to expend effort just to keep even and even more of you want to get ahead.
In the United States, the biggest debt traps are student loans, new car loans, and credit cards. Collectively, these will keep most people poor their entire lives.
The problem is that most people do not realize how much they can pay back, and that causes their trouble. It's the same with me, thankfully my boss gave me a bonus this month, but I am near my entire salary for my debt, not because of luxury or anything, it's medical bills I am paying, but it is still terrible calculation on my behalf, I should have taken long term loan, I just wanted to pay it and be done with it quickly, so that was my mistake, but after a few more months of terrible period, I will be done in a couple of months.
In the end, calculate how much you can pay back, you can always get a loan there is nothing wrong with debt, just realize if you can pay it fine or not, if you can pay it fine without trouble then getting debt is fine.