From Financial Genome Project …
“Only when borrowers have access to efficient credit networks can they escape from the clutches of loan sharks, and only when savers can deposit their money in reliable banks can it be channeled from the idle rich to the industrious poor.” ~Niall Ferguson, The Ascent of Money
People who become debt free often claim that a weight has been lifted off their shoulders. People who are in debt often claim to feel a heavy burden or, as I mentioned above, like a noose is around their necks which is slowly tightening. The entire system benefits creditors, and fractional-reserve banking can create massive corruption and disruptions.
Being debt free allows you to unplug from the system.