PS, the reason why it's an advantage to be in debt is because thats how creditors make money.
You can get much more competative rates and options by having a little debt.
The interest on certain kinds of debt is also tax deductable. Usually big stuff like loans. You can usually make back most of the money you would have paid on interest on your tax return. However, most people are retarded and just waste their return instead of putting it back where it came out of.
I call this the "why are you *****ing" cycle.
You can get much more competative rates and options by having a little debt.
The interest on certain kinds of debt is also tax deductable. Usually big stuff like loans. You can usually make back most of the money you would have paid on interest on your tax return. However, most people are retarded and just waste their return instead of putting it back where it came out of.
I call this the "why are you *****ing" cycle.