lally shady

Wow lots of responses here. Thanks for participating. Here's my take on the matter: debt is bad because it has a negative effect on your credit report, especially when you dont pay for your bills on time. Your credit score goes down, collectors hound you for payment, and you just may end up being ...

i've been thinking about it over my weekend, and i've come to the conclusion that debt is bad. i'd love to hear your inputs on this, though, before i share mine. can anyone tell me specifically why debt is bad?