How credit affect economic and social life of individuals

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Problem 1: How does credit affect the economic and social life of individuals? Give specific example for your answer.

Problem 2: Non payments of loans affect the economy, why? Give specific example.

Problem 3: Why should you use your credit wisely? Explain it through example.

Problem 4: Why do people fail to pay their debts? Give situations justifying your answer.

Reference no: EM132944718

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