Social Sciences, asked by anika6093, 1 year ago

who is called dept trap

Answers

Answered by keerthika6
3
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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Answered by Anonymous
8
HeyAaaa!!

HerE iS Ur Answer ^_^


DePt TraP Is A critical situation in Which a person is unable to pay the amount of money he Borrow ✌

HopE It Helps


sai842: THANK YOU YARR
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