Sentences with phrase «deeper debt trap»

If the debtor uses credit before paying off the consolidated debt, he gets into a deeper debt trap.

Not exact matches

But, and perhaps, the NPP government and functionaries, trapped in a quagmire following President Akufo Addo's «decree» of «no more purchase of new official cars» and also, the fear of looming judgment debt; find themselves torn between the devil and the deep blue sea, The aL - hAJJ can today confirm.

If you want to avoid getting deeper into debt, and wasting more money on interest payments, you need to watch out for the credit card minimum payment trap.

Otherwise, you could find yourself trapped in a cycle of upside - down debt that will only get worse as you roll it over into more and more cars, digging a deeper hole with each attempt.

The company based its bail - bond ban on studies that show «opaque financing offers» can trap people with deep debt.