Question

what is dabt trap?.......

Answer 1

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It is a debt trap is a situation in which a borrower is led into a cycle of re-borrowing, or rolling over, their loan payments because they are unable to afford the scheduled payments on the principal of a loan. These traps are usually caused by high-interest rates and short terms.

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Answer 2

Hey mate, here is your answer





Debt Trap - A situation in which repaying the debt becomes nearly impossible as loans are taken on top of existing loans with variable interest rates.







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