Question

When do we say that the borrower is in debt trap ?

Answer 1

Answer:

At times ,the repayment of loan becomes very difficult that the credit pushes the borrower into a situation from which recovery is very difficult and painful . In this situation we can say that the borrowers are debt trap.

Explanation:

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Answer 2

Answer:

. Look For Ways To Increase Your Income

Make an effort to try and secure a second job to earn an additional stream of income. The idea is to allocate your secondary income towards debts in order to settle them quickly. There are several ways with which you can earn an additional income. Find a gig that is relevant to your background, skills, and knowledge.

Explanation:

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