Have you ever heard this joke? If you owe the bank $100, they've got you in a tricky position. If you owe the bank $100,000, you've got them in a tricky position.
Debt doesn't make you slave; it's merely a tool. I am very much in favour of tools that make me money. And you can walk away if you really want to - that's what bankruptcy is for.
As much as it's nice to be rich, it's nicer not to be in debt to anyone.
I don't agree. It is nice to be rich, yes. It can be nice to be in debt, depending on the situation. If your debt makes you money, then that is agreeable. If your debt means that you can't afford to put beans and rice on the table, then you have a problem.
It's all well and good if by some miracle you're able to get an unsecured debt but it's going to be very likely you'll be required to put up some security for it, perhaps the roof over your family's head?
If the only person who will suffer from a worst case financial mistake is you then it's something you'll have to weigh up and take the consequences for....if others will suffer, you really don't have a right to take an unnecessary risk.