Having debt is seriously a problem, Yes for me it's a problem if you can't handle it wisely. If only one member of the family is working and that is the head of the family and let us just say he just earning an average wage monthly but your family's expenses for a month are more than the income that's the start of having debt. For a typical type of individual debt is part of our lives everyone has debt. Think about it when you have debt how can you save for the future of there is always money allocated for paying debt monthly. What about emergencies you don't have savings for times like that.
