What is debt trap ?
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Posted by Account Deleted 4 years, 11 months ago
- 2 answers
Yogita Ingle 4 years, 11 months ago
A debt trap is a situation in which a borrower is led into a cycle of re-borrowing, or rolling over, their loan payments because they are unable to afford the scheduled payments on the principal of a loan. These traps are usually caused by high-interest rates and short terms.
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Riya Philip 4 years, 11 months ago
0Thank You