credit sometimes pushes the borrower into a situation from which recov – InterviewSolution

1.	credit sometimes pushes the borrower into a situation from which recovery is very painful. support the statement with examples.
Answer» tion:CREDIT in this CASE pushes the borrower into a situation from which recovery is very painful. In ONE situation credit helps to increase earnings and therefore the person is better off than before. In another situation, because of the CROP FAILURE, credit pushes the person into a debt trap.

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