The Increased availability of consumer credit in some countries has contributed to the problem of consumer debt. Some people say that the financial institutions that lend money are responsible for high levels of Indebtedness. Others say it is the individuals who borrow money.
Discuss both points of view and give your opinion
Globally, the issue of whether the serious debt problem attributes to banks or to individuals has been debated for many years. Some people believe that it is the financial organizations’ responsibility since they are the rule makers, while others argue that those who borrow money need to be blamed because they want to purchase items that they cannot afford. This essay will discuss both point of view and give its opinion.
To begin with, it is undeniable that the financial institutions should be responsible for the high level of consumer debts. It is they that are the decision makers, deciding whether it is eligible and how much they can lend when clients apply for loans. In Australia, for instance, it is approachable for residents to borrow thousands of hundreds of dollars from banks if they are able to provide their income evidence. In this case, the easy criterial required by the financial institutions enlarges the population who are in debts. However, this is not the only perspective.
On the other hand, consumers who plan to purchase things that are above their budget also contribute to the ubiquitous phenomenon of indebtedness. Instead of saving money and buying stuff in the future, people tend to borrow money and make purchases at present. Take China as an example. In recent times, most Chinese buy houses with mortgage due to the unaffordable price, which enables them to have a place to live rather than saving for decades. Thus, individuals’ preference about consuming introduces more debts.
This essay has discussed whether financial organizations should take responsibility since they process the loans or consumers are responsible because of the huge demands of debts according to the high levels of loans. On balance, this essay believes that the former argument is stronger. All over the world, people will be much happier with less stress living with debts if banks and private companies have more strict requirements in terms of lending money.
Transition Words or Phrases used:
also, but, however, if, so, thus, while, for instance, to begin with, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 17.0 13.1623246493 129% => OK
Auxiliary verbs: 7.0 7.85571142285 89% => OK
Conjunction : 7.0 10.4138276553 67% => OK
Relative clauses : 12.0 7.30460921844 164% => OK
Pronoun: 29.0 24.0651302605 121% => Less pronouns wanted
Preposition: 45.0 41.998997996 107% => OK
Nominalization: 6.0 8.3376753507 72% => OK
Performance on vocabulary words:
No of characters: 1673.0 1615.20841683 104% => OK
No of words: 324.0 315.596192385 103% => OK
Chars per words: 5.16358024691 5.12529762239 101% => OK
Fourth root words length: 4.24264068712 4.20363070211 101% => OK
Word Length SD: 2.76458285847 2.80592935109 99% => OK
Unique words: 191.0 176.041082164 108% => OK
Unique words percentage: 0.58950617284 0.561755894193 105% => OK
syllable_count: 517.5 506.74238477 102% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 7.0 5.43587174349 129% => OK
Article: 2.0 2.52805611222 79% => OK
Subordination: 1.0 2.10420841683 48% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 7.0 4.76152304609 147% => OK
Performance on sentences:
How many sentences: 16.0 16.0721442886 100% => OK
Sentence length: 20.0 20.2975951904 99% => OK
Sentence length SD: 57.3503146787 49.4020404114 116% => OK
Chars per sentence: 104.5625 106.682146367 98% => OK
Words per sentence: 20.25 20.7667163134 98% => OK
Discourse Markers: 5.4375 7.06120827912 77% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 0.0 5.01903807615 0% => OK
Sentences with positive sentiment : 6.0 8.67935871743 69% => OK
Sentences with negative sentiment : 2.0 3.9879759519 50% => More negative sentences wanted.
Sentences with neutral sentiment: 8.0 3.4128256513 234% => Less facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.264412972294 0.244688304435 108% => OK
Sentence topic coherence: 0.0744714111599 0.084324248473 88% => OK
Sentence topic coherence SD: 0.0688379292683 0.0667982634062 103% => OK
Paragraph topic coherence: 0.153105981418 0.151304729494 101% => OK
Paragraph topic coherence SD: 0.0117126900553 0.056905535591 21% => Paragraphs are similar to each other. Some content may get duplicated or it is not exactly right on the topic.
Essay readability:
automated_readability_index: 13.0 13.0946893788 99% => OK
flesch_reading_ease: 51.18 50.2224549098 102% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 11.1 11.3001002004 98% => OK
coleman_liau_index: 12.65 12.4159519038 102% => OK
dale_chall_readability_score: 8.72 8.58950901804 102% => OK
difficult_words: 84.0 78.4519038076 107% => OK
linsear_write_formula: 11.5 9.78957915832 117% => OK
gunning_fog: 10.0 10.1190380762 99% => OK
text_standard: 13.0 10.7795591182 121% => OK
What are above readability scores?
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Rates: 84.2696629213 out of 100
Scores by essay e-grader: 7.5 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.