Isn't all debt bad? No. Some debt can be useful, for example, a home loan, a car loan, a line of credit, a zero interest credit card, capital funding to start a business. It becomes BAD DEBT when it consumes you, it costs more than its worth, the interest rate is higher than the rate of return. OR when its gone stale or rotten and sent to the Debt Collectors. Here is a little of what I observe, have learned and have experienced to get out of bad debt. P.s. I am also a survivor of bad debt...you can survive and thrive after BAD DEBT. Ngā mihi.