The current economic crisis has a widespread impact and deprives the majority of the population of income and financial liquidity, resulting in faster, longer, and more debt. The purpose of this research was to study household debt reduction guideline towards the stability and sustainability of the country to further develop a structural equation model. Both qualitative and quantitative research was used in this study. A quantitative survey was conducted using a questionnaire collected by 500 financial institution executives. Descriptive statistics, reference statistics, and multiple statistics were used to analyze the data.