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What is Dept trap?

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What is Dept trap?
  • 3 answers

Riya Rathore 6 years ago

It is a situation in which person take loan and unable to repay . To repay a person have ot take a fresh loan or sell some portion of land
A dept trap is a situation where a person take loan but he don't able to repay the loan because of high interest.

Akriti Kaushik? 6 years ago

A debt trap is defined as "A situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principal. Hope it will help you
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