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Debt is the Biggest Scam in the Current Time
In today’s world, where money flows faster than ever and digital lending is just a click away, debt has become a daily part of people’s lives. From student loans to credit cards, from home loans to instant personal loans — debt is everywhere. But behind this seemingly helpful tool lies a system that many believe is fundamentally flawed, even designed to exploit. That’s why more and more people are calling debt the biggest scam of our time.
- The Illusion of Financial Help
Debt is often sold as a lifeline — a way to achieve dreams faster: buying a house, getting an education, or starting a business. Banks and financial institutions portray loans as empowerment tools. They offer pre-approved credit cards, EMI options, and personal loans within minutes.
However, the reality is often very different. Debt usually comes with high interest rates, hidden fees, and terms designed to benefit lenders, not borrowers. Many people take loans without fully understanding the long-term consequences, only to find themselves in a financial trap that’s hard to escape.
- The Debt Trap: A Vicious Cycle
One of the biggest dangers of debt is the debt trap a situation where a person has to take new loans to repay old ones. High interest rates, penalties for late payments, and aggressive recovery practices make the situation worse. Instead of getting ahead financially, people end…
