The latest research by the Organisation for Co-operation and Economic Development (OECD) [@OECD household debt] shows that household debt is growing in almost every country in the world. However, you can be in debt yet still be financially healthy. The key to debt is only to borrow what you can afford to pay back comfortably.
Excessive borrowing is any amount of debt that you can't comfortably manage. There are several signs to look out for:
Avoiding excessive borrowing can be difficult, especially if you are already struggling to meet your monthly outgoings. If it feels like your debt is getting out of control, you should consider seeking specialist help from a free debt charity or related organisation.