Debt Trap Warning: 5 Signs You're Drowning in Loans

• Rising credit card default rates indicate a growing debt problem, with many unaware they're in trouble.
• Paying only minimum dues on loans or credit cards is a key sign, as interest piles up and principal barely reduces.
• Taking new loans to repay existing ones creates a complex, expensive financial spiral instead of reducing debt.
• If your principal balance rarely decreases despite regular payments, you're likely stuck in a cycle of interest.
• EMIs consuming most of your income (over 30-35% suggested limit) and having zero savings are critical red flags.

Why It Matters: Recognize these 5 debt trap signs early to regain financial control and avoid deeper trouble.