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Recently, there has been considerable discussion of the large personal debts and loans withdrawn by people which cannot be repaid.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
39 weeks 4 days 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...
(105 users watching; 1 users on the list)
People online
Nickname Sex L Country Favorite topics Contact

Many languages are disappearing every year. Is this bad for the world or is it helps unify the human race? (Model 2) sprigidts
The table shows sources of student income over a ten-year period in the United Kingdom. Write a report for a university lecturer describing the information shown below. Adika Dimas
Some people believe that study is important tosuccess, others say there is no relationbetween study and success. Discuss both views.Give your own opinion based on your Justin sticky icon
Your neighbors have recently written to you to complain about the noise from your house flat. Write a letter to your neighbors. In your letter-explain the reasons for the noise-apologize-describe what action you will take sfaht1 sticky icon
Should wealthy nations be required to share their wealth among poorer nations by providing such things as foods and education? Or is it the responsibility of the governments of poorer nations to look after their citizens themselves? friday1004
Some people prefer to spend their lives doing same things and avoiding change.Others, however think that change is always a good thing. Discuss both views and give your own opinion. amna
People show more antisocial behaviour and lack of respect to others. What are the causes and how could be improve? Naveena Gill sticky icon
Now a days food has become easy to prepare.has this improve way people live.Use specific reasons and examples. Ramneek rj
The charts below show the number of Japanese tourists travelling abroad between 1985 and 1995 and Australian share of the Japanese tourist market. marjloveselmo sticky icon
In many countries schools have severe problems with student behaviour.What do you think are the causes of this?What solutions can you suggest? asim

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
GENERAL TRAINING WRITING TASK 1You are working for a company. You need to take some time off work and want to ask your manager about this.Write a letter to your manager. In your letter-Explain why you want to take time off work-Give details of the amount sliwer IELTS
Argumentative Essay: Advantages and Disadvantages of Using the Internet alfitrah8.5 IELTS
The pie charts below show units of electricity production by fuel source in Australia and France in 1980 and 2000. Summarise the information by selecting and reporting the main features ,and make comparisons where relevant. Kal-El IELTS Writing Task I
Discuss the advantages and disadvantages of having a car. marzieh IELTS
The graph below shows UK acid rain emissions, measured in millions of tonnes, fromfour different sectors between 1990 and 2007 RamdhanHidayat 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
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? waleed1 IELTS Writing Task II
Writing task I (General)You were hurt in a minus accident inside a supermarket, and you wish to complain to the supermarket.Write a letter to the manager of the supermarket. In your letter :* Say who you are.* Give details about the accident.* Suggest how TEST-English School IELTS
There is a growing demand for freshwater nowadays and this is becoming aglobal problem. Discuss the possiblecauses for it. What measures can betaken by governments and individuals toovercome this problems? Justin sticky icon IELTS Writing Task II

Term
Fresh water has always been a limited resource in some parts of the world. Today, however, growing worldwide demand has made this a global problem.What are the causes of the increased demand, and what measures can governments and individuals take to respo prathapreddy sticky icon IELTS Writing Task II
People naturally resist making changes in their lives.What kind of problems can this cause? What solution can you suggest? Ramin mm IELTS Writing Task II
The charts show the reasons for employees to take up part-time studying while workingand how the part-time study programs arefunded.You should write at least 150 words. Suraj IELTS Writing Task I
There are many different types of music in the world today. Why do we need music? Is the traditional music of a country more important than the international music that is heard everywhere nowadays? hariakia IELTS Writing Task II
Without capital punishment (the death penalty) our lives are less secure and crimes of violence increase. Capital punishment in essential to control violence in society. To what extent do you agree or disagree with this opinion? TuralHazrat IELTS Writing Task II
Write a letter to the publisher in a newspaper, asking to advertise a meeting of people from different countries you are organizing. Explain where, when and why. prathapreddy IELTS Writing Task I
Part-time employment – application letterYou are looking for part-time employment.Write a letter to an employment agency. In your letter•introduce yourself•explain what type of work you are looking for•say what experience and skills you have carl IELTS Writing Task I
Some people argue that it is more important to have an enjoyable job than to earn a lot of money. Others disagree and think that a good salary leads to a better life. Discuss both these views and give your own opinion. Alciozzo sticky icon IELTS Writing Task II
The table below gives information about rail transport in four countries in 2007. Summarise the information by selecting and reporting the main features and make comparisons where relevant Alciozzo sticky icon IELTS Writing Task I
Should Parents encourage their Children to play outdoor sports instead of Computer games? Do you agree or Disagree? ptpielts sticky icon IELTS Writing Task II

Some people argue that it is more important to have an enjoyable job than to earn a lot of money. Others disagree and think that a good salary leads to a better life. Discuss both these views and give your own opinion. Alciozzo sticky icon IELTS Writing Task II
The table below gives information about rail transport in four countries in 2007. Summarise the information by selecting and reporting the main features and make comparisons where relevant Alciozzo sticky icon IELTS Writing Task I
There is a growing demand for freshwater nowadays and this is becoming aglobal problem. Discuss the possiblecauses for it. What measures can betaken by governments and individuals toovercome this problems? Justin sticky icon IELTS Writing Task II
Should Parents encourage their Children to play outdoor sports instead of Computer games? Do you agree or Disagree? ptpielts sticky icon IELTS Writing Task II
Your company sent you on a training in another country , in the end of the training you get a certificate , you’ve lost it .Write letter to the responsible tell him/her:- How you lost your certificate.- Why you need the certificate now.- What you need him prathapreddy sticky icon IELTS Writing Task I
Last weekend you were at your friends house and you forgot your watch somewhere at their house.Write a letter to thank himTell him that you forgot your watch at his house.write other things you want to tell him ptpielts sticky icon IELTS Writing Task I
Global warming is one of the most serious issues that the world is facing today.What are the causes of global warming and what measures can governments and individuals take to tackle the issue? Justin sticky icon IELTS Writing Task II
Fresh water has always been a limited resource in some parts of the world. Today, however, growing worldwide demand has made this a global problem.What are the causes of the increased demand, and what measures can governments and individuals take to respo prathapreddy sticky icon IELTS Writing Task II
In the past, sporting champions used to be motivated primarily by the desire to win the match or to break world records. These days, they are more likely to be motivated by the prize money and the opportunity to be famous.What message does this send to yo mcristinabianca sticky icon IELTS Writing Task II
The graph below shows the percentages changes in the number of international students graduating from universities in different Canadian provinces between 2001 and 2006. Fadlanmuzakki IELTS Writing Task I
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