Millennial lives and also the new-age financial obligation trap

Millennial lives and also the new-age financial obligation trap

  • Aided by the economy slowing and savings price falling, India’s young are bingeing on dangerous credit that is app-based
  • That loan standard appears on one’s credit file for seven years. Fundamentally, teenagers who ruin their credit records will be unable to get into credit for lots more things that are meaningful

Bijay Mahapatra, 19, took their very first loan from a firm that is fintech 2017. It had been a small-ticket loan of ? 500 in which he needed to repay ? 550 the next thirty days. Continue reading “Millennial lives and also the new-age financial obligation trap”