ciclo de dívida
1. A recurring cycle in which a person or entity borrows money to pay off existing debt, creating an endless pattern of indebtedness
She found herself trapped in a debt loop, taking out new loans to pay off old ones.
Ela se viu presa em um ciclo de dívida, contraindo novos empréstimos para pagar os antigos.
2. A financial situation where interest and fees accumulate faster than the principal can be repaid, perpetuating the debt
High credit card interest rates can easily push consumers into a debt loop.
As altas taxas de juros de cartão de crédito podem facilmente empurrar os consumidores para um ciclo de dívida.
3. A systemic economic problem where debt obligations prevent economic growth and recovery
The country struggled to escape the debt loop that had plagued its economy for decades.
O país lutava para escapar do ciclo de dívida que tinha assombrado sua economia por décadas.
The concept of 'debt loop' is particularly relevant in both American and Brazilian contexts, where consumer debt, student loans, and informal lending practices frequently trap individuals and families in cyclical poverty. In Brazil, this is intensified by high interest rates and the prevalence of informal credit systems. The term reflects growing concerns about financial inequality and predatory lending practices in both countries.
NYC Slang
debt trap, being in the red permanently
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