Social Sciences, asked by shreyanshi941, 4 months ago

In situations with high risks credit might create further problems from the borrower explain.

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Answered by Anonymous

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In situations with high risks, credit might create further problems for the borrower. ... He has to repay the credit along with the interest applied by the lender. This increases the problems for the borrower. In such a situation, he is forced to give up his collateral or asset used as the guarantee, to the lender.

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