Question

Credit can play a negative role justify the statement with arguments.

Answer 1

Answer:

Negative role of credit is debt trap. for eg:- a farmer goes to the moneylender for taking the loan from him for his this year cultivation . he promise the moneylender to return his loan after selling his crop .

Explanation:

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Answer 2

Hola mate

Here is your answer -

Blowing Your Budget -- The biggest disadvantage of credit cards is that they encourage people to spend money that they don't have. High Interest Rates and Increased Debt -- Credit card companies charge you an enormous amount of interest on each balance that you don't pay off at the end of each month.