But when borrowing spirals out of control, it can lead to a dangerous situation known as a debt trap—a financial quagmire that can wreak havoc not only on your bank balance but also on your ...

Unsustainable lending by China has led to a severe debt crisis in Laos and may be the closest evidence to date of ‘debt trap diplomacy’ by China, a new Lowy Institute Analysis argues. Laos cannot ...

Let us examine this common pitfall, the minimum payment trap, in detail. It can force credit card users into mounting debt, leading to a loss of financial credibility, a drop in trustworthiness ...

The new $2 billion airport at Bugesera is an ambitious project to turn Rwanda into a regional aviation hub, but the International Monetary Fund (IMF) warns that its cost will add to the country’s ...

T&T stands at the brink of the proverbial debt trap, where interest payments on borrowings consume such a large share of government revenues that it leads to the need for more borrowing to meet ...

That is more than 20 per cent of Malaysia’s total working population of 17.3 million people, raising concerns over the potential for a debt trap to capture millions of Malaysians whose debts ...

Rather than demanding a complete debt write-off, the state may find a more practical solution in requesting a partial waiver or long-term restructuring of its staggering Rs 1 lakh crore debt.

That has already left a record level of debt swashing through the US system. Meanwhile, prices across the economy are likely to rise further. President Donald Trump launched tariffs on ...

This means nearly as many families are carrying the burden of overseas education-related debt. In comparison, Maharashtra had Rs 6,158.22 crore in education loans, Andhra Pradesh Rs 5,168.34 crore ...

Over half of older Americans say their debt has “held them back” in life, according to new research. A survey of 2,000 Gen X (55+) and baby boomer Americans explored how debt is affecting ...