Sentences with phrase «results in a debt trap»
Oftentimes, a successful «predatory» loan results in a debt trap for the consumer, leaving them with harmful fees and mounting debt payments under their belts.
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Privately held debt of the U.S. government as a share of GDP increased this cycle to 74 % from 39 % in 2008, prompting concern that the U.S. is doomed to a debt trap in which high debt and low yields result in more debt.