And on top of that. The family is the basic building block to society, so not only do you place your own family in jeopardy, you are now a threat to society. Because you have destroyed one of its basic building blocks. Another danger is that it can choke the spiritual lifeboat of you. We wouldn't be the first for this to happen to us.
Debt creates problems.
It creates worry and confusion, and fear, and sleepless nights, and after a while there is no room for God, because your heart is too full of fear and worry, and it is choking out the word of God, to the point that we can't even hear it anymore. It's choking you. That is mild language compared to what Paul says. He says the love of money, consuming, conspicuous consumption can lead to the destruction of your soul. For the love of money is a root of all sorts of evil and some by longing for it have wandered away from the faith and pierced themselves with many griefs.