What is a debt trap?
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63
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Debt - trap is a situation when it becomes impossible to repay the loan and the borrower adds on a new debt to pay the existing debt.
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Hope This Helps. . .
Debt - trap is a situation when it becomes impossible to repay the loan and the borrower adds on a new debt to pay the existing debt.
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Hope This Helps. . .
Answered by
14
a situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principal.
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