This study, prepared by Oxera on behalf of the Association of Payment Clearing Services, the British Bankers' Association, the Consumer Credit Association and the Finance & Leasing Association, examined UK consumer debt. The aim of the study was to provide a realistic assessment of the scale of the debt situation in the UK, based on existing reports and available data. Having established a conceptual framework for analysing over-indebteness, the study provided a compendium of statistics on the subject and an understanding of the scale of the debt situation in the UK against a background of the current economic climate.