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

Essay topics:

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

Submitted by YS89 on Tue, 08/11/2015 - 21:08

Nowadays, it is very common that, most of individuals rely on their everyday spending on their credit cards. These could increase their personal debts. Some people believe that this may due to the personal spending habits derived from the environemntal causes where there are lacking in the government support and the pressures from the society.

In this modern society, employers are seeking for employment with the university degrees. According to the BBC Press 2015, the tuition fee in UK as a general is increasing annually which average of 4% year. Upon the graduation, thus,individuals have a difficulty to borrow large amounts of money,because of their school loans. This phenomenon could lead them to rely heavily on credit cards to survive for dailu basis. Therefore this is one of causes by the society to create the huge personal debts toward students.

Secondly, there are several approaches for the government to take-creating job opportunities and increasing the salaries are one of the approaches that can be taken by the government. The support from the government for citizens is lacking. They do not provide limited number of financial support systems for their own citizens. Instead ofbproviding this type of system, alternatively, the government would create more job opportunities to reduce the unemployment rate to support individuals to pay off their crerit card bills. Furthermore, the government should create a policy to increase the salary which could reduce the number of period to pay off for citizens school debts.

In conclusion, it is common to see the society where most of people are paying by their credit cards. Most of these people have financial debts. Some of them may have debts because of their spending habits. However, the majority of people are on debts because of the education and unemployment reasons. Thus, I believe that the government should take reasonable steps and approaches to solve this issue.

Votes
Average: 7.7 (3 votes)
This essay topic by users
Post date Users Rates Link to Content
2015-08-25 YS89 60 view
2015-08-11 YS89 77 view
>>> More users practiced this topic >>>
Essay Categories
IELTS Writing Task II - IELTS Academic
Essays by user YS89 :

Comments

there are several approaches for the government to take-creating job opportunities and increasing the salaries are one of the approaches
there are several approaches for the government to take-creating job opportunities, and increasing the salaries is one of the approaches

Sentence: Some people believe that this may due to the personal spending habits derived from the environemntal causes where there are lacking in the government support and the pressures from the society.
Error: environemntal Suggestion: environmental

Sentence: This phenomenon could lead them to rely heavily on credit cards to survive for dailu basis.
Error: dailu Suggestion: daily

Sentence: Instead ofbproviding this type of system, alternatively, the government would create more job opportunities to reduce the unemployment rate to support individuals to pay off their crerit card bills.
Error: ofbproviding Suggestion: providing
Error: crerit Suggestion: credit

flaws:
No. of Different Words: 153 200

The essay is not exactly right on the topic. Read the essay topic again and think why.

Attribute Value Ideal
Score: ? out of 9
Category: Poor Excellent
No. of Grammatical Errors: 1 2
No. of Spelling Errors: 4 2
No. of Sentences: 18 15
No. of Words: 315 350
No. of Characters: 1601 1500
No. of Different Words: 153 200
Fourth Root of Number of Words: 4.213 4.7
Average Word Length: 5.083 4.6
Word Length SD: 2.72 2.4
No. of Words greater than 5 chars: 120 100
No. of Words greater than 6 chars: 87 80
No. of Words greater than 7 chars: 56 40
No. of Words greater than 8 chars: 38 20
Use of Passive Voice (%): 0 0
Avg. Sentence Length: 17.5 21.0
Sentence Length SD: 7.097 7.5
Use of Discourse Markers (%): 0.5 0.12
Sentence-Text Coherence: 0.311 0.35
Sentence-Para Coherence: 0.511 0.50
Sentence-Sentence Coherence: 0.104 0.07
Number of Paragraphs: 4 5

Submitted by YS89 on Mon, 08/17/2015 - 11:23

Permalink

The usage after forms of finances could lead to financial difficulty situations
and might have ended up in bankruptcy or could be listed as a bad creditor. This may causes by lacking of financial knowledge or sometimes it could be a result of the society`s pressure.

In this modern society,the number of potential positions are limited and this result
in highly competitive markets. These pressures became the young adults responsibility
to hold on. Therefore only the finance sources that the adults could be thinking on, is getting the credit cards and loans. For instance, the more companies would look for a minimum requirement of employees with a bachelor degree, which culd lead students to be on the educational loans at the end of their degree qualifications.

However, not only the finance difficulties are responsible by the society. Individuals could be lacking in financial knowledge could cause in this disasterous consequences. If individuals are more through with their spendings or having a monthly budget plan, it would not make them as a bad creditor. For example, if a young person plans for every month's spending, he or she would have to live on a tight budget, but could get out of being a bad creditor. Therefore, in order to prevent them from a bad creditor, is to have a financial knowledge at the first place.

In conclusion, after weighing both sides of views, I believe that both the society and individual's knowledge would be important to consider to solve this issue.

Submitted by YS89 on Thu, 08/20/2015 - 22:35

Permalink

It is common to see that most people have at least one credit card. Many people believe that individuals would have financial difficulties because they cannot pay back with their financial debts. These debts could be used as daily transactions for survival. This phenomenon would lead to economic difficulties in the future such as mortgages, investment and student loans.

 

The usage of credit cards be various. It can be used as for the daily transactions. The groceries or foods could be seen as the examples. Also, the credit cards could pay for any emergency and hazardous situations. In the case of accidents individuals could pay for the costs relating to the accidents with their credit cards.

 

Sometimes, individuals' payments with debts becomes out of control. The reasons for these phenomenons, could be people's spending habits and the high interest payments. People might addict to the shopping and as a result, some people might be listed as a bad creditor.

 

There are different types of loans as an example - mortgages, entrepreneurship investment and student loans. These types of loans could be used by limited people who can be afforded.

 

In conclusion, the huge dependency of the financial debts could lead to the financial difficulties. As a result, some individuals could be listed as a bad creditor. Therefore in order to prevent this, there are several steps to take by individuals and governments. People could understand with their daily spending patterns could be taken as one of the solution. Individuals could try to use a budget to control their daily transactions. Lastly, the government would put the financial limit on credit cards to control people's spending habits. This could resolve the country's financial difficulties.