Legal slavery. Selling your soul and basically flushing your dreams, hopes and life down the toilet. To be in debt is to be enslaved, controlled and suppressed for the rest of your life, or until you are bankrupt. Debt is almost a form of mind control, used to make the rich richer and the poor poorer.
Do not ever get yourself into debt. Ever. You will regret it for the rest of your life. Save up instead. This way the banks, agencies and government cannot take your money and your hard work.