Answer:
1.Peaceful life. If one is living a life withought debt then they would have absolutely nothing to worry about and they wouldn't be on the run from people they owe or flee from a country just because of the banks they owe but they would be free to go out and have nothing to worry out.
2.Less stress. One doesn't have to be stressed out because the are owing someone else and they need it very urgently but they would enjoy life and live peaceful
3.More of your income is available to you. Your would have to use your salary to take care of the people you are owing