Being in debt is nothing to be ashamed of because there are times when you have no choice but to borrow money to pay for certain things. But being too deep in debt is always a bad thing because it has adverse effects on your credit standing. Once your credit standing is affected, you may have a hard time getting another loan, even if you are in dire need of money.
People often have a hard time thinking of ways to become free from debt; some even contemplate to declare bankruptcy when they feel that there is no other way out. But indeed, there is a way out, and it just needs a good deal of patience and effort to get rid of debts.