Living on borrowed money? Here are some early indications of a Debt Trap

Most of us avail of loans of some kind or the other, be it a home loan, a car loan or consumer finance loans to some big-ticket purchase beyond our financial ability. Even your credit card spend is a loan availed for a short duration which you need to pay in time to avoid spiraling interest burden. However, easy availability of loans, including quick disbursal of personal loans and a little push from the lenders make many of us reckless in borrowing without much thought on the repayment ability.

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