Corporate Health of Sony, Nintendo and MS

[rolltide101x]

mountaindewslave said:

CosmicSex said:

Its really considered healthy to have some debt.  Have good debt as a consumer is better than not having any debt (for whatever reason but its true).

I was actually shocked.  I think they need to have more debt really.

its actually not 'healthy' to have any debt at all

its a false concept in society that having some debt is good, and the only reason for that is that it gives creditors and banks something to look at in terms of your history and reliability. if you have debt and pay it off then people consider you trustworthy. nothing more

the concept that 'debt is good' makes zero sense

From a consumer standpoint debt is almost a necessity. Without some sort of past debt getting a house loan would be very difficult. My parents are actually going through this right now. They want to buy a house, they have enough money to afford the house payment, but they have not had any debt in 7-8 years so even though their credit score is pretty high they are still having a bit of trouble. Though they will get it in the end if they keep trying