Stress and Debt: Is Credit Too Easy?

I found a website that offered 'on line' applications for payday loans from $100 - $1500. It let the user pick payment terms, amount, and even interest rates. It started me on the topic of credit.

Our parents dreamed of being out of debt by the time they retired. Most of our generation will be looking for ways to lower their monthly payments and interest rates. The stress of carrying debt is taking its toll on our health and our mental well being.

Faxless Payday Loans may not be the answer for everyone. But, we are so use to free and easy to obtain credit that it makes me wonder if we should fight the system - or learn how to benefit from it. Last year the USA had 70 banks close because of high debt loads. However, the UK is thriving under their debt mountain. They obviously learned something we haven't about carrying debt.

I am not sure if we will be out of debt when we retire, but I do hope that we will be able to manage the debt we do have without missing payments and struggling to make ends meet.