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.
