Test yourself:

Are you over-indebted?

In debt counselling, a distinction is made between debt and over-indebtedness. 

  • Being in debt means "simply having debts", i.e. having entered into various payment obligations and regularly repaying the corresponding instalments. This means, for example, who has bought a TV in instalments and pays it off monthly. 
  • Over-indebted is anyone who cannot pay the agreed instalments for a longer period of time – neither from the accumulated "assets" or savings, nor from current income. 

Anyone who is over-indebted should seek advice quickly. The sooner you seek advice, the more opportunities you have to get out of debt.