You are hereMany people are using credit cards or loans to run up huge personal debts that they may be unable to repay. It should therefore be made more difficult for individuals to borrow large amounts of money. What are your opinion on this?Give reasons for your an

Many people are using credit cards or loans to run up huge personal debts that they may be unable to repay. It should therefore be made more difficult for individuals to borrow large amounts of money. What are your opinion on this?Give reasons for your an


dawnsagar's picture

By dawnsagar - Posted on 25 March 2013

Essay topic: 

Many people are using credit cards or loans to run up huge personal debts that they may be unable to repay. It should therefore be made more difficult for individuals to borrow large amounts of money. What are your opinion on this?
Give reasons for your answer and include any relevant examples from your own knowledge and experience.

Recently, there has been considerable discussion of the large personal debts and loans withdrawn by people which cannot be repaid. The implication of this has led some to claim that huge borrowings should be strict but some think it's unfair to do so. I am not in complete accord with the statement but I shall compare and contrast both views first.

On one hand, some think that there must be a strong barrier when the huge amounts are loaned to public. One of the reasons for this idea is to prevent the monetary company from high bad debts, which could lead to bankruptcy. Preventing the unwanted loan could help the bank and other financial companies to grow financially and also helps the country's economy to flourish.

However, there could be a disagreement on the other hand. Credit cards and loans are the special facilities given to the people which helps them to do their daily transactions as well as to run big projects and business at the same time. This undoubtedly helps them to create income.

Moreover, credit cards can be used in several areas, to pay student loans, for instance. It also serves as an emergency tool in case of any accident or hazards. For use of such loans, banks also charge interest which is income for them.

After analyzing the facts, I tend to believe that there shouldn’t be hassled to get credit cards and loans because it serves as a helping hand in public. Although, it can’t be denied that some of the people may be unable to repay it, I suggest the financial institution to make a proper policy such as keeping the collateral or other financial documents before providing loan.

Average: 7.1 (8 votes)
Tags
This essay topic by other users:
Post date Users Rates More about the essay Sticky
38 weeks 12 hours ago Justin
Read full essay sticky icon
More essays by this user:
Looking for speaking partner/tutor/chat? Join the instant conversation now!
    
Something about you
Choose a nickname and enter at least one ID (Skype, MSN, QQ, ICQ or Yahoo) if you want to be listed!
Registered users only
Loading...
(124 users watching; 1 users on the list)
People online
Nickname Sex L Country Favorite topics Contact

Many criminals re-offend after they have been punished. Why do some people continue to commit crimes after they have been punished, and what measures can be taken to tackle this problem? ShawnLee sticky icon
Computers and modems have made it possible for office workers to do much of their work from home instead of working in offices every day. Working from home should be encouraged, as it is good for workers and employers. helia123
Children should never be educated at home by their parents. Do you agree or disagree? jojo_johan
Some people like doing work by hand. Others prefer using machines.Which do you prefer? Use specific reasons and examples to support youranswer. syahid prabowo
When a country develops its technology, the traditional skills and ways of life die out. It is pointless to try and keep them alive. To what extent do you agree or disagree with this opinion? Yora
The chart below shows the total number of minutes (in millions) of telephone calls in Finland, divided into three categories, from 1995 – 2004.Summarise the information by selecting and reporting the main features, and make comparisons where relevant.http Umb221
In the past it was common for older people to live with their children and grandchildren so that their relatives could take care of them as they grew older. Nowadays, it is common in many places for older people to live away from their families, in specia vicky123 sticky icon
Studying the English language in an English-speaking country is the best but not the only way to learn language. Do you agree or disagree with this statement? eddysuaib sticky icon
Few languages are increasingly spoken in different countries, while the usage of others is rapidly declining. Is this a positive or a negative development? mrmo2610
The chart below shows the total number of minutes (in millions) of telephone calls in Finland, divided into three categories, from 1995 – 2004. Summarise the information by selecting and reporting the main features, and make comparisons where relevant. (S eddysuaib

Term
Write complaint letter to the airline manager regarding the behavior of one of staff members on your flight. In your letter- Give full details of your flight.- Say what the problem with the staff member was.- What would you like the manager to do regardin marzieh IELTS
Some people feel that entertainers (e.g film stars, pop stars, musicians or sports stars) are paid too much moneyDo you agree or disagree.Which other type of job should be highly paid. wuk IELTS
Some say that it would be better if the majority of employees worked from home instead of travelling to a workplace every day.Do you think the advantages of working from home outweigh the disadvantages? fialka IELTS
Argumentative Essay: Advantages and Disadvantages of Using the Internet alfitrah8.5 IELTS
we are seeing a significant increase inonline shopping today.What are the advantages and disadvantages of this trend? Give your own opinion and relevant examples Justin sticky icon IELTS Writing Task II
Some people argue that the amount of violence shown in films and on television has led to an increase in violent crimes in society. Do you agree with this argument? Should the government control what is shown on television and in the cinema? Mubariz IELTS
You are unhappy about a plan to make your local airport bigger and increase the number of flights. You live near the airport.Write a letter to your local newspaper. In your letter:• explain where you live• describe the problem• give reasons why you do not pip depp b b IELTS
The tables below show people's reasons for giving up smoking and when they intend to give up.summarise the information by selecting and reporting the main features, and make comparisions where relevant andaihiep IELTS
The pie charts below show the average household expenditures in a country in 1950 and 2010. Q...graph Summarise the information by selecting and reporting the main features, and make comparisons where relevant.Write at least 150 words. Tessy James IELTS
You are planning to stay with a friend in an English speaking country. You are writing toyour friend to find out some additional information. In your letter ask the followingquestions:• How long should you plan to stay for• What you should bring with you• eddysuaib sticky icon IELTS Writing Task I

Term
Some people think that parents should teachchildren how to be good members of society.Others, however, believe that school is theplace to learn this.Discuss both these views andgive your own opinion. Justin sticky icon IELTS Writing Task II
Some people think that parents should teach children how to be good members of society. Others, however, believe that school is the place to learn this.Discuss both these views and give your own opinion. uday.narang sticky icon IELTS Writing Task II
The pie chart shows the main reasons why agricultural land becomes less productive and the table shows these affected three regions of the world during 1990s. uday.narang sticky icon IELTS Writing Task I
we are seeing a significant increase inonline shopping today.What are the advantages and disadvantages of this trend? Give your own opinion and relevant examples Justin sticky icon IELTS Writing Task II
Home work is the part of school life many people think that giving home work daily to school children works well for them while some feel it is an unnecessary burden on them. manntaxlawyer@g... IELTS Writing Task II
The three pie charts below show the changes in annual spending by a particular UK school in 1981,1991 and 2001Summarise the information by selecting and reporting the main features and make comparisons where relevant uday.narang sticky icon IELTS Writing Task I
Write a letter to a friend who stays in another country that you are planning to visit and say: -­‐ What you plan to see. -­‐ Ask for his/her opinion on where to stay. -­‐ Suggest some activities you can do together pakspin sticky icon IELTS Writing Task I
You have recently moved to a different house.Write a letter to an English-speaking friend. In your letterExplain why you have movedDescribe the new houseInvite your friend to come and visit rajbir.km@gmail.com IELTS Writing Task I
While studying some students take weekend or evening jobs to help with expenditure. How do you feel about this? What are the drawbacks and benefits of such a decision? bjskishore sticky icon IELTS Writing Task II
The scientist believes that computers will become more intelligent than human beings, Some people find it is a positive while others think it is a negative development. Discuss both points and give your own opinion. jay24 IELTS Writing Task II

The three pie charts below show the changes in annual spending by a particular UK school in 1981,1991 and 2001Summarise the information by selecting and reporting the main features and make comparisons where relevant uday.narang sticky icon IELTS Writing Task I
Some people think that parents should teachchildren how to be good members of society.Others, however, believe that school is theplace to learn this.Discuss both these views andgive your own opinion. Justin sticky icon IELTS Writing Task II
Write a letter to a friend who stays in another country that you are planning to visit and say: -­‐ What you plan to see. -­‐ Ask for his/her opinion on where to stay. -­‐ Suggest some activities you can do together pakspin sticky icon IELTS Writing Task I
Some people believe that it is the responsibility of individuals to take care of their own health and diet. Others however believe that governments should make sure that their citizens have a healthy diet.Discuss both views and give your opinion. eddysuaib sticky icon IELTS Writing Task II
Some people think that parents should teach children how to be good members of society. Others, however, believe that school is the place to learn this.Discuss both these views and give your own opinion. uday.narang sticky icon IELTS Writing Task II
The pie chart shows the main reasons why agricultural land becomes less productive and the table shows these affected three regions of the world during 1990s. uday.narang sticky icon IELTS Writing Task I
While studying some students take weekend or evening jobs to help with expenditure. How do you feel about this? What are the drawbacks and benefits of such a decision? bjskishore sticky icon IELTS Writing Task II
Some people prefer to watch live performancesfrom their home on TV or online, others preferto be present at the event and experience itlive. Discuss both ways and give your opinion. Justin sticky icon IELTS Writing Task II
The diagram below explains the process of recycling plastic bottles for new uses. Summarize the information by selecting and reporting the main features, and make comparisons where relevant. thanhdoan6992 sticky icon IELTS Writing Task I
we are seeing a significant increase inonline shopping today.What are the advantages and disadvantages of this trend? Give your own opinion and relevant examples Justin sticky icon IELTS Writing Task II
essayE-rater's picture

flaws:
No. of Words: 286 350
No. of Different Words: 170 200

Attribute Value Ideal
Score: 6.5 out of 9
Category: Good Excellent
No. of Grammatical Errors: 0 2
No. of Spelling Errors: 0 2
No. of Sentences: 14 15
No. of Words: 286 350
No. of Characters: 1312 1500
No. of Different Words: 170 200
Fourth Root of Number of Words: 4.112 4.7
Average Word Length: 4.587 4.6
Word Length SD: 2.425 2.4
No. of Words greater than 5 chars: 85 100
No. of Words greater than 6 chars: 57 80
No. of Words greater than 7 chars: 38 40
No. of Words greater than 8 chars: 24 20
Use of Passive Voice (%): 0 0
Avg. Sentence Length: 20.429 21.0
Sentence Length SD: 8.296 7.5
Use of Discourse Markers (%): 0.643 0.12
Sentence-Text Coherence: 0.312 0.35
Sentence-Para Coherence: 0.602 0.50
Sentence-Sentence Coherence: 0.084 0.07
Number of Paragraphs: 5 5