Here's an interesting thing about debt...its like drugs...It's addictive..but it can be helpful if used moderately and in a responsible manner. And the best part about debt is that if conditions are in your favor...you can always roll it over.
This happened when I was in college.One of my seniors was working on this great plan he had thought about. He was going to apply for two credit cards. He'll shop using one and pay the bill with the other card. And when the second bill becomes due...he'll pay it with the first card. Now assuming that it is possible to pay one credit card with the other and to repeatedly do so, this is an awesome plan. You spend X right now, keep rolling the debt for some time,and since you have technically not defaulted on any payment, the card companies will even increase your credit limit over time. So after some time you pay the X amount and now shop for 2X and again repeat the same process.
This is actually a very good plan. Since both parties get paid without default, you get a good credit rating with them and they'll always be willing to lend to you. But again, the caveat is that...they should never speak to each to each other.
Even in real life, you can borrow from someone, keep rolling the debt, get your NPV maxed and no one will ever know, or rather no one should ever know.
"I am so evil, sometimes I scare myself"
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