The phrase "excessive debt" refers to owing a large amount of money that is more than what is considered normal or reasonable. It means having a significant financial obligation that could become difficult to pay back or manage. Full definition
Credit counseling is touted as one of the most effective ways to take hold of excessive debt levels. (debtsmart.com)
Given the fact that Canadian household debt has already hit new high, fee hikes are a source of concern for many, especially borrowers with excessive debt load. (lifeoncredit.ca)
Being overwhelmed by excessive debt can make it difficult to see the forest for the trees. (stockmonkeys.com)