<prompt> Human: Im an individual with no debt other than my car, make a great living, plenty saved, 401k, stock, good credit, etc.Im considering paying off the remainder of my car loan 10k in the next 12 months. Is this a smart move?I ask, because once that is done, I will have no debt of any kind. Will it negatively affect me or my credit rating to not carry any debt?I also do not own a home so no debt there, largely because we are unsure if we will stay in our current city for the next several years.---UPDATE: Fast responses, thank you! I have a credit card, pay off the balance each month, so I dont carry any debt there, either. Looks like Im on the right track then.  <response>: No thats a myth. Having debt is bad, you can build credit just fine by using a credit card and paying it off at the end of the month. Youre probably going to take on debt in the form of car loans, student loans and mortgages so you shouldnt look for debt. 