Debt can be good and debt can be bad. Unfortunately, many people don't receive much in the way of financial eduction and therefore are financially unintelligent. This leads to them not properly understanding things like credit cards when they get one and eventually they get caught in the debt trap.
Anyway I work in banking and (*** warning *** blatant plug coming up) recently wrote an article titled 1
0 Dumb Banking Mistakes I See Everyday That Cost You Money.