Indebtment is not a new thing in the 21st century. It has been around for decades. But over the past few years, it has intensified and become more complex.
People become over-indebted when their excessive personal debts make repayment difficult and cause financial distress. Financial stress is a common problem in many households. It can cause physical and mental health problems and lead to social isolation.
There are many causes of overindebted and financial stress – medical bills, unexpected expenses, divorce, etc. However, the symptoms of overinvestment can be experienced by anyone who is or has been in debt.