“Credit sometimes pushes the borrower into a situation from which recovery is very painful.” Support the statement with examples.
“Credit sometimes pushes the borrower into a situation from which recovery is very painful.” Support the Statement with Examples.
Pushes borrowers into a situation that makes recovery painful:
- This happens when the borrower is unable to repay the loan.
- A person has to sell a part of his land to repay his loan.
- Many a times got caught in the debt trap.
- The person's condition becomes much worse than before.
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