Debt Trap Warning: 5 Signs You're Caught Despite Good Income

• Debt trap cases are rising, fueled by increased EMI purchases and credit card defaults.
• Crif Highmark data shows credit card default rates (90+ days) jumped from 12.5% (Mar 2024) to 15% (Mar 2025).
• Key signs include paying only minimum dues, taking new loans for old ones, and principal not reducing.
• Other indicators are a large portion of income going to EMIs and no savings despite years of employment.
• Experts warn against using credit beyond repayment capacity to avoid financial trouble.

Why It Matters: Recognize these 5 signs to avoid or escape the debt trap and secure your financial future.