I have been reading about debts as well, according to what I have read, there are two types of debts, there are good debts and there are bad debts also. Good debts are taken for the purpose of a business, with proper calculation that the business will yield huge profit and the debt would be paid back in full, bad debts are taken for irrelivant use and uncalculated investment, this way, the debt cannot be paid pack in due time and the emergence of problem is certain.