Subjects>Business>Finance

What is debt-trap?

Anonymous

∙ 11y ago

Updated: 9/13/2023

Debt Trap is a situation where you add on a new debt in order to pay an existing debt. Generally, when the firm or an individual is over leveraged all the credit sources are exhausted, the firm or individual arrives at a situation of debt trap.

Wiki User

∙ 11y ago

What else can I help you with?

Continue Learning about Finance

Trending Questions

What is a FSB bank? What is a popular substitute for bulky coins made of metal? What is the impact of a foreclosure on your credit score? What are the benefits of investing in 401(k) retirement plans for long-term financial security? How does a financial advisor invest your money? Where can we get a quick and easy cash advance? Can I file my taxes using two W2s from the same employer but different states? What is the Bank of America monthly statement date for my account? How much is a 10 dollar 1950 series a bill worth? How would a person find the interest rates for a rental property loan? How do you increase my credit score of 683? Do married women have husband name on pan card? How do you remove someone from a car title? What is fed payment 3801000000000000? How much cash can you withdraw from an ATM? Is there a connection between CitiMortgage and Quicken loans? How many gallons of wax you need for a 1000 square feet? If creditors have been reselling bad debt for over the 7 year cut off do consumers have any recourse against them? How can you apply for high interest saving accounts online? Is there 1 billion us dollar note?

What is debt-trap?

What else can I help you with?

Resources

Top Categories

Product

Company