For an average man, it is not possible to live completely debt free. Many a times, it is not a smart decision too. For big purchases like a house, it becomes inevitable to borrow home loan. But the most important consideration when taking out a loan is whether the debt is good or bad. With so many choices available today easily – free credit cards on offer, personal loans, peer-to-peer lending (P2P) platforms for quick loans, it becomes imperative to borrow for the right reasons. As a popular quote goes “Going into debt usually isn’t caused by a lack of money, it is caused by a lack of vision’!