Social Sciences, asked by enjoygaming254, 16 days ago

Which of the following could lead to a debt trap?

Answers

Answered by itzmedipayan2

Load Asset ratio

. For example, if your loan balance is ₹25 Lakh and your ₹10 Lakh, your loan-asset ratio is 2.5. Experts recommend this ratio to be under 0.5. If you are not taking any steps to increase your income, reduce your loan amount or grow your assets, you can easily fall into a debt trap.

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