Question

What do you means by the vicious cycle of debt​

Answer 1

Answer:

A debt cycle is continual borrowing that leads to increased debt, increasing costs, and eventual default. 1  When you spend more than you bring in, you go into debt. At some point, the interest costs become a significant monthly expense, and your debt increases even faster.

Explanation:

Answer 2

Answer:

• A debt cycle is continual borrowing that leads to increased debt, increasing costs, and eventual default. 1 When you spend more than you bring in, you go into debt. At some point, the interest costs become a significant monthly expense, and your debt increases even faster.

Explanation:

Hope this answer helps you!