JIM_T_3 I try not to reply to comments like this, but every so often I feel like I must chime in. First of all, there are two types of debt out there. There's the debt you acquire by being reckless and living beyond your means. Rack up your credit cards buying crap you can't afford and you'll be in trouble. But there's also debt you acquire by living life. Buying a car? Probably need a car loan. A house? Almost definitely need a mortgage. College? Probably have student loans. What happens if you have a disaster? Car wreck? Medical bills? Your son is born with a birth defect and requires extensive care and treatment? Sure, everybody should have saved up thousands upon thousands of dollars to pay cash for their house and cover any medical bills that arise without issue, but here in the real world, that's not always the case. Regardless, whether your debt is due to your own reckless spending or not, what's wrong with taking some responsibility for yourself and paying it down? Properly managing your money can save you tens of thousands of dollars in interest payments. Of course, you'll need to keep yourself under control. If you keep running up your credit cards, you're going to be in trouble no matter what. But if you've stopped doing that and want to get things under control, it's not like the debt magically goes away once it's been created. Don't use your credit cards? That's great advice. Tell someone that has no debt. Once you've got it, though, it's extremely hard to get out. But blanket statements like saying that people just shouldn't use their credit cards and their debt magically vanishes is juvenile and counter productive. Props to you if you have no debt to manage and no money in interest payments to save. For the rest of us? Leave the software tools alone and let people get on with their lives.
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