The fear of debt is usually worse than the debt itself and there seems to be a lot of credit hysteria on this thread - probably a product of our current political class - but there's no need to become sick with a hallucinatory debt fever.

Properly managed debt and responsible credit doesn't have to mean the end of the world. Virtually everything we see around us was built on a system of credit and debt. Indeed most nations are built on this. Britain has been in debt for almost its entire history:

Being in debt does not mean you are morally or fiscally bankrupt. The best time to borrow is now, during a recession, when interest rates are low and financial institutes are giving it away. If it helps think of it as your civic duty to borrow and spend to stimulate the economy, LOL.

Seriously, we all use credit everyday and the sky hasn't fallen in - we are, by and large, more responsible then the ass hats that played high stakes poker in a rigged system, gambling away our money causing the 2008 crash. It's irrational for an individual to rack up debt when you're already in the red, but you're not and your credit rating reflects this.

Life is short, we don't know what's round the corner. This isn't a dress rehearsal, this is the only life we get so we may as well live it now and live it to it's fullest. Carpe Diem Comrade. Not seizing the day may be worse than the phantasms conjured by debt hysteria.

If you do decide to take out some credit do your research, there is usually more than one way to skin a cat. Shop around for the best deals and do not borrow more than you need or more than you can manage.

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www.AdventureVagabond.com Mongolia & Siberia 2012: Adventure Moto Madness