What is dept-trap. What are the reasons for debt-trap

1.	What is dept-trap. What are the reasons for debt-trap
Answer» Answer: 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.

Answer»

Answer:

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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What is dept-trap. What are the reasons for debt-trap

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