Question

what is mean by debt trap​

Answer 1

Debt Trap. Debt Trap. 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

• Answer:

Debt trap is situation in which a borrower is unable pay back the loan and he has to sell is any asset to repay back the borrowed money.