Seventy three times the Bible tells its readers to stay away from debt. Debt is symbolic of spiritual slavery to sin. The debtor is a financial slave to the lender and God’s people, Old Testament and New, are told bluntly not to be part of a debt system. The 14 minute clip link below is a very good education on the massive levels of debt in the USA.
But the USA is not alone. The entire western world from Finland to New Zealand is sinking under a mountain of debt. This debt will not be paid back, it will be liquidated through either inflation or bankruptcy.
If you have debt, get rid of it now, while you have an income