What are the benefits or advantages of Debt?

Although debt can be sometimes overbearing and cause stress if you are not able to pay it off on time, it also comes with its own set of benefits and advantages. The benefits of taking a debt are as follows:

• If you avoid bad debt, there are a lot of benefits you can reap from a good debt. One of them is to have a source of free income which adds to your regular income so that you can use it to solve your financial troubles.
• Once you have some extra money you get more freedom to go for investment options to keep that money safe while also growing your finances for a complete financial security.
• Debt also gives you an active credit score.
• The cost of debt is usually lower than an equity and it also comes with a lower risk than an equity.