If you are in debt you are a slave, literally. Yes I know that slavery was abolished 150 years ago but that was just one kind—debt is another but you have the same problem and that is lack of freedom. When people become debt free (often when they consolidate debt) they can’t believe the weight that is lifted and they can’t believe how stupid they were for ever going into debt in the first place. They would gladly have the chance to do it over again and not drive that new leased car and not go on all those exotic vacations on their credit card’s tab and not eat out as much and not live in the nice part of town in the expensive apartment with the gym membership. They would put off those luxuries in order to establish themselves and then would slowly as they were actually able afford the nice things in life. (more…)