"Still less debt is a good thing. Pretty much common sense"?? Really?
When a person exists BK, they have zero debt. So you're saying that's a "good thing" and "common sense" according to creditors? Funny, it stays on your credit report for 7, or even I think 10 yrs now and you won't get a loan for several yrs afterward? So "less debt" = automatic "good thing"?
Where is that the gospel of the credit industry? Often, having more debt, as stated previously, if it's "good debt" (real estate that's valuable, machines that produce rich cash flow, etc) will actually get you more credit/investment if needed. All debt is not "bad", ask an oil company major or ask Apple why they just took on some debt, despite being swimming in cash, given the ultra low interest rate environment?
News 
Market Data 
Discover 
