Question

what is dept trap ? precautions to avoid Dept trap
​

Answer 1

Answer:

• Instead of servicing different loans with different interest rates, you may want to consider consolidating your debt under one Personal Loan offered by HDFC Bank. This is an option where you consolidate different loans under a single loan. This can simplify your life and get you out of a debt trap.

Answer 2

Answєr :-

Debt-trap diplomacy is a theory to describe a powerful lending country or institution seeking to saddle a borrowing nation with enormous debt so as to increase its leverage over it.

Hᴏᴘᴇ Tʜɪs Hᴇʟᴘs Yᴏᴜ