The coronavirus outbreak that began in Wuhan has brought the world to a standstill, urging the World Health Organization to officially declare it as a pandemic. The virus, which was initially known to be transmitted from animals to humans, is now...
Category - General
MoneyTap
Debt Trap: Signs to Detect Debt Trap and Tips to Get out of It
If you are caught in the web of borrowing, repaying, re-borrowing or rolling over the loan repayments because of your inability to afford the scheduled payments on the borrowed amount, you may be a victim of a debt trap. What is a Debt Trap? Debt...
What Is Loan Repayment and Why Is It Important?
What Is a Loan? A loan is the money you receive from a bank or financial institution in exchange for a commitment to repay the principal amount with interest. Since lenders take the risk of a possible default, they charge a fee to offset this risk...
