Is debt a sin?

While the Bible discourages people from going into debt and says that you are actually a slave to the lender, the Bible never overtly refers to debt as a sin. 

However, the Bible does refer to the heart issues that often lead us into debt - like gluttony, envy, pride, and comparison- as sin. So the better question for us to ask is not "Is debt a sin", but instead is "why am I going into debt?" 

Are you going into debt to try and make money fast? Are you trying to buy something you can't afford that isn't really a necessity? Are you leveraging out your family's future and happiness? 

Those are the bigger questions I would start by asking yourself. 

A. The past couple of decades there has been an incredible movement in our country to push back against the tide that debt is normal. Many people have been ruined by debt, so they have become the biggest proponents of a debt-free lifestyle. 

Now, we are all for living free from debt, but many people will go so far as calling debt a sin. So is it true? Is debt really a sin?