In recent times, it has become increasingly difficult to fulfill all your needs and desires solely with your salary or other sources of income. As a result, people often need to take out various types of loans to meet different expenses. For instance, home loans are used for purchasing residential property, car loans for buying …
What is Debt Trap: Strategies to manage your debts effectively?
In today’s world people have extremely easy access to personal loans, credit cards, overdrafts, home loans, car loans, and other sources of funding. Their irresponsible behavior towards money and financial indiscipline leads people into high debt and then eventually into debt traps. The debt trap has become a harsh reality and a forever struggle that …