Debt Trap

Managing several credit cards can be convenient, but without discipline, it can quickly spiral into unmanageable debt.

Explained: How China entraps poorer countries in never-ending debt

China became one of the world’s economic superpower within a matter of 30 years. The country expanded its economy across sectors.But how did the red dragon use its wealth to entrap developing countries? According to a report by the World Bank, China spent over $240 billion as bailout loans in two decades. After lending countries under BRI, it has now started international bailout. And how is India under risk despite staying away from China’s BRI trap? Watch!

Illegal loan sharks return in the guise of digital lenders

Instant loan providers are thriving, luring gullible consumers looking for easy loans only to harass them later using recovery agents, pushing many to commit suicide. Moneycontrol tracked a few such cases. Here’s what we found

Sri Lanka Crisis | Why India has fared better than its neighbour

Sri Lanka’s biggest macroeconomic mismanagement was the central bank’s failure to handle the impossible trinity — the truism that a fixed exchange rate, free capital flows, and sovereign monetary policy cannot co-exist 

The great Chinese white elephant of Sri Lanka

The Rajapaksa dynasty hoped to spur growth with a Chinese-built tax haven, hardly the best use of an insolvent nation’s precious coastline 

Ruchir Sharma writes: There is no easy escape from the global debt trap

Total debt more than tripled to 350 per cent of global GDP over the past four decades

China using 'debt trap' to gain influence around world: Report

Chinese officials and analysts have insisted that China's interest in the Hambantota port is purely commercial, Sri Lankan officials said that from the start, the intelligence and strategic possibilities of the port's location were part of the negotiations.

5 smart spending tips that will help you achieve your goals without borrowing

Inability to separate wants from needs can land you in a debt trap

A few money things you must change before it‘s too late

Having aspirations is good but people often indulge in short cuts to attain what they seek instead of setting up practical goals and working towards them.

Coming out of the debt trap – a case study

Even though monthly, there seems to be a surplus, Virendra always complains that it‘s not the case since most of his monthly payments are done through credit card. How he comes out of that situation.

Centre pushing states towards debt trap: Mamata

Chief Minister Mamata Banerjee on Friday accused the Centre of "pushing" the states towards a "debt trap" and said West Bengal is paying Rs 47,000 crore as debt servicing every year, which is set to climb to Rs 60,000 crore next year.

Financial mistakes of millennials and how to reduce them

Generation Y is smart and keen to take decisions for themselves. However, when it comes to money, they need to reduce the errors.

Taking a home loan? Be careful not to fall in debt trap

It may be relatively easy to go for a home loan. However, you have to ensure that you do not slip into the debt trap.

Do you really want to buy that iPhone?

Dream gadgets are the in thing for many youngsters. However, should one spend money on these gadgets? Here is how one can answer this important question.

How to get out of a debt trap?

Debt traps are not an imaginary situation. If you are stuck in one, it is high time you take steps in the right direction to come out of it.

Rlys may go into 'debt-trap, become Air India': Trivedi

Trivedi alleged that the Centre was neglecting both the railways and agriculture, which he said were key to pushing employment generation and GDP growth.

In a debt trap? Tips on how you can get out of it

Loans are not uncommon. However, borrowing too much can be hazardous to wealth. With rising trend of individuals getting into debt trap, it is important to know how to overcome debt.

Overcoming debt trap to achieve financial freedom

Refinance high cost loans with low cost loans. Consider selling some of your old investments and repay your debt.

4 signs you are falling into a debt trap

Debt trap is a scenario in which you add one debt to pay another debt. This type of borrowing to pay debt is generally not a onetime phenomenon as the trap gets built over a period of time.