The Anti-Debt Fanatics Are Wrong.

Their simple advice hurts people who most need access to debt.

(Image credit: gosmallbiz.com)

Anywhere and everywhere you go, debt is shoved into our faces. From the Amazon credit card and payday loans, to adjustable rate mortgages and credit lines for car repairs.

It’s a constant bombardment of cliches and exaggerations. Pretty soon, you start to think you’re in a George Carlin bit.

Free installation, free admission, free appraisal, free alterations.
Free delivery, free estimates, free home trial.

And free parking.

No cash? No problem. No kidding!
No fuss, no muss, no risk, no obligation, no red tape, no down payment.
No entry fee, no hidden charges, no purchase necessary.
No one will call on you, no payments or interest till December.

And no parking.

So you get home and hop on your computer to apply, but you see all the advice that starts popping up about how debt is bad.

You keep on reading, and you realize that most all personal finance writers, be it from books, blogs, or your brother-in-law, has declared a holy war on debt.

All debt. Any debt. For ever and ever, amen.