how are the high interest rates on loans harmful
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it will kill poor people. as they will be in more and more debts
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Answered by
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✔HEY MATE...☺☺☺✌☺☺☺
Mate if the interest is high on the loans then the borrowers would face a lot due to the debt....
as mostly the borrowers are those who have debt already or whose finencial condition is not good...
THATS WHY HIGH INTEREST ON LOANS IS HARMFUL....!!
✔✔if this is helpful plzz hit the brainliest button ☺☺☺☺☺
Mate if the interest is high on the loans then the borrowers would face a lot due to the debt....
as mostly the borrowers are those who have debt already or whose finencial condition is not good...
THATS WHY HIGH INTEREST ON LOANS IS HARMFUL....!!
✔✔if this is helpful plzz hit the brainliest button ☺☺☺☺☺
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