It has become very common for people to borrow money. Maby people have credit card, a mortgage and often they buy a car on credit card as well. Is this a good idea or this is too risky? Discuss both views abd give your own opinion.
credit card or plastic money is the latest phenomenon and offer a very efficient way to do transactions without handling the actual money. The booming of banking sectors in recent years, on the other hand, has made it possible to apply for and get a credit card easily than ever before. while the credit card offers a risk-free and convenient way of shopping or making any transactions, it has its demerits like becoming defaulter to the bank. My belief is that credit cards have far more advantages than the disadvantages it offers.
Initially, the credit card is easy to carry and possess little risk of robbery and pickpocket. The security system of a credit card makes it virtually impossible for a thief to steal someone’s credit card and use it. On the contrary, carrying a large sum of money is quite risky. From this regards, plastic money or better known as the credit card has made it possible to do hassle free transactions.
Secondly, by nature credit cards allows people to take credit from the bank and purchase their necessity from shops. From this perspective, it offers a great economic freedom to people. online shopping or e-commerce business has become so popular because of the online credit card transaction facilities. many small online shops can run their business and get payment instantly only because of the innovation of credit card and online payment. A shop owner is no longer doing local business and his customers are coming from every corner of the world and thanks to the credit card for making this happen.
Finally, the credit card allows banks to mobilise the money and this is quite an important aspect of the economic growth of a country. Think about the millions of transactions happening every hour via credit cards and its impact on mobilising the money and that would allow you to fully appreciate the importance of credit card in the global economy.
Undeniably there are some disadvantages of credit cards especially when people cannot repay the amount they have already spent or when they are hacked. However, this cannot degrade the usefulness of plastic money in the modern era. banks should never grant credit cards to people with bad credit records or to someone who does not have an economic stability to actually afford it. In fact, the credit limit imposed on every credit card actually does restrain people from being extravagant and become a bad creditor.
In conclusion, every technology has some negative aspects and that does not make the technology bad itself. bank authority should make strict rules about allowing credit cards to someone, and people should be more frugal when spending money they are obliged to return. credit cards have so many advantages that make our life easier while the negative impacts could easily be controlled.
Grammar and spelling errors:
Line 1, column 1, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: Credit
credit card or plastic money is the latest phe...
^^^^^^
Line 1, column 288, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: While
... a credit card easily than ever before. while the credit card offers a risk-free and ...
^^^^^
Line 5, column 291, Rule ID: THIS_NNS[1]
Message: Did you mean 'these'?
Suggestion: these
...large sum of money is quite risky. From this regards, plastic money or better known ...
^^^^
Line 9, column 151, Rule ID: A_UNCOUNTABLE[5]
Message: Uncountable nouns are usually not used with an indefinite article. Use simply 'great economic freedom'.
Suggestion: great economic freedom
...shops. From this perspective, it offers a great economic freedom to people. online shopping or e-commerc...
^^^^^^^^^^^^^^^^^^^^^^^^
Line 9, column 187, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: Online
...ers a great economic freedom to people. online shopping or e-commerce business has bec...
^^^^^^
Line 9, column 306, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: Many
...ine credit card transaction facilities. many small online shops can run their busine...
^^^^
Line 15, column 233, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: Banks
...ess of plastic money in the modern era. banks should never grant credit cards to peop...
^^^^^
Line 19, column 109, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: Bank
...oes not make the technology bad itself. bank authority should make strict rules abou...
^^^^
Line 19, column 270, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: Credit
...nding money they are obliged to return. credit cards have so many advantages that make...
^^^^^^
Transition Words or Phrases used:
actually, finally, however, if, second, secondly, so, while, in conclusion, in fact, on the contrary, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 13.0 13.1623246493 99% => OK
Auxiliary verbs: 8.0 7.85571142285 102% => OK
Conjunction : 23.0 10.4138276553 221% => Less conjunction wanted
Relative clauses : 8.0 7.30460921844 110% => OK
Pronoun: 29.0 24.0651302605 121% => Less pronouns wanted
Preposition: 53.0 41.998997996 126% => OK
Nominalization: 5.0 8.3376753507 60% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 2356.0 1615.20841683 146% => OK
No of words: 470.0 315.596192385 149% => Less content wanted.
Chars per words: 5.01276595745 5.12529762239 98% => OK
Fourth root words length: 4.65612321451 4.20363070211 111% => OK
Word Length SD: 2.5214238219 2.80592935109 90% => OK
Unique words: 233.0 176.041082164 132% => OK
Unique words percentage: 0.495744680851 0.561755894193 88% => More unique words wanted or less content wanted.
syllable_count: 741.6 506.74238477 146% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 4.0 5.43587174349 74% => OK
Article: 6.0 2.52805611222 237% => Less articles wanted as sentence beginning.
Subordination: 1.0 2.10420841683 48% => OK
Conjunction: 1.0 0.809619238477 124% => OK
Preposition: 7.0 4.76152304609 147% => OK
Performance on sentences:
How many sentences: 22.0 16.0721442886 137% => OK
Sentence length: 21.0 20.2975951904 103% => OK
Sentence length SD: 34.2463426291 49.4020404114 69% => OK
Chars per sentence: 107.090909091 106.682146367 100% => OK
Words per sentence: 21.3636363636 20.7667163134 103% => OK
Discourse Markers: 5.40909090909 7.06120827912 77% => OK
Paragraphs: 6.0 4.38176352705 137% => Less paragraphs wanted.
Language errors: 9.0 5.01903807615 179% => OK
Sentences with positive sentiment : 17.0 8.67935871743 196% => OK
Sentences with negative sentiment : 4.0 3.9879759519 100% => OK
Sentences with neutral sentiment: 1.0 3.4128256513 29% => More facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.349610605771 0.244688304435 143% => OK
Sentence topic coherence: 0.124220715604 0.084324248473 147% => OK
Sentence topic coherence SD: 0.0507701462875 0.0667982634062 76% => OK
Paragraph topic coherence: 0.213819715382 0.151304729494 141% => OK
Paragraph topic coherence SD: 0.0450878475779 0.056905535591 79% => OK
Essay readability:
automated_readability_index: 12.8 13.0946893788 98% => OK
flesch_reading_ease: 50.16 50.2224549098 100% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 11.5 11.3001002004 102% => OK
coleman_liau_index: 11.78 12.4159519038 95% => OK
dale_chall_readability_score: 8.21 8.58950901804 96% => OK
difficult_words: 105.0 78.4519038076 134% => OK
linsear_write_formula: 11.0 9.78957915832 112% => OK
gunning_fog: 10.4 10.1190380762 103% => OK
text_standard: 12.0 10.7795591182 111% => OK
What are above readability scores?
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Maximum five paragraphs wanted.
Rates: 67.4157303371 out of 100
Scores by essay e-grader: 6.0 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.