Over-indebtedness has become a major concern throughout the world. It had been proven that over-indebtedness had given impact to individual physical and psychological health. Besides from the impact, however there is limited research on the phenomenon especially from the standpoint of the borrower which has been identified as the source of the problem. As such, the purpose of this research was to propose a conceptual framework in investigating determinant of over-indebtedness, specifically from the borrower’s point of view