debt traps
Inescapable borrowing cycles
Debt traps are lending arrangements designed or structured so that borrowers struggle to escape the debt.
The term often describes predatory loans with high interest rates that keep borrowers perpetually paying without reducing principal: Payday loans are classic debt traps.
In geopolitics, debt-trap diplomacy refers to loans extended to developing nations under terms that may force them to cede assets or strategic concessions when they can't repay: Critics accuse China of using debt traps to gain control of foreign ports.
- economic coercionMonetary pressure for compliance
- predatory lendingExploitative loan terms
- usuryExtortionate money lending
- creditorsThose owed payment
- loansBorrowed money arrangements
interests · payday loans · vicious cycle · subprime lending · interest rates · balloon payments · fine print · poverty cycle · loan sharking · defaults · consumer protection · repossession · lenders · deceptive practices · mortgages · sinking · economic exploitation · quicksand
- exploitationexploit, predatory, sex trafficking, take advantage, human trafficking
- Global Povertymalnutrition, starvation, food security, clean water, dirty water
- payday loanspayday loan, payday loans, cash advance, rollover, fee
- predatory lendingpayday loans, title loans, loan sharks, loan sharking, usury
- neocolonialismneocolonialism, resource extraction, economic exploitation, client state, puppet state
- globalizationglobalization, free trade, global village, global trade, multinationals
debt trapsfair lending
Nondiscriminatory loan provision
low-interest loans · fair credit · grant programs · microfinance · credit unions
debt trapsdebt freedom
State of owing nothing
financial freedom · debt relief · debt forgiveness · financial independence · solvency
debt trapswealth building
investment opportunities · wealth creation · prosperity · nest egg · retirement funds
trap, debt, entrap, indebted, debit, debtor, trapper, indebtedness, debt trap