Some people have the attitude that it doesn’t matter if they are in debt, they deserve the money and things they are buying with it etc. This attitude will lead to trouble in the long run. Many people forget that they will have to pay back the money eventually and the longer it is left, the harder it becomes. The interest will be piling up and the debts may be accumulating. If you decide to buy a house or car then there may not be the opportunity to borrow the money because the debt needs paying back first. It may be too late to do anything about it. There is also the stress. Once you decide to start paying it back, you may be shocked as to how much you actually owe and this could be a huge problem. The stress of it could be pretty bad and the prospect of paying it back could be very daunting. You may have to use all of your extra money for five or ten years to be able to pay back what you owe. That means that you would be able to have no luxuries, holidays or anything like that until it was paid off. Some people see bankruptcy as an easy option but it has to be requested in court and you will lose any possessions of deemed value to go towards paying back the debts. Then you will be unlikely to get credit again.