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Signs of Over Indebtedness

The Sign of Over Indebtness and Its Cutoff Points

by Skills.Money
in Blog, Personal Finance
Reading Time: 5 mins read
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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.

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