19/10/2017 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.
Having an enormous debt that difficult to run up has become a widespread problem. Many believe making borrowing money more challenging for citizens is an efficient way to address the issue. I personally disagree with this prospect and author’s opinion will be given below.
Primarily, the proposed policy would have an adverse impact on state’s economy. Firstly, setting up a new business or a firm will turn into an extremely difficult enterprise. In fact, without bank finances, people would not have needed resources, and this situation could provoke a rising of monopolies that will thrive not being challenged by new arrivals. Secondly, the bank system will face serious hardships because bankers are making up to forty percent of their revenue on giving affordable credits to the population. If profit of bankers decreases, the volume of taxes paid to the government will inevitably decline as well. Those examples illustrate a disadvantageous effect of the policy on the overall economy.
Furthermore, average folks will suffer from the proposal. For instance, buying a house, an apartment or even an automobile will become very problematic because in average each of those items costs a large amount of money that a regular person does not have. Saving up such a great deal of cash could take years and will be impeded by whims and desires of a person to spend the dollars on something else. Consequently, the standards of living will surely decline. Moreover, sometimes individuals have an urgent and important cause to take a loan. To exemplify, if someone's property was struck by a hurricane of a severe storm, it could require immediate maintenance or even repair but the victim of the catastrophe may not have the resources and making taking a credit inconvenient will merely make the life of the survivor more miserable. In other words, using the policy would worsen lives of millions.
In my opinion, although the trend in discussion is a real problem, creating barriers for taking loans will not solve it, instead, the actions will undermine the economy and well-being of people.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2017-10-19 | EugeneDubinchuk | 77 | view |
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Comments
Essay evaluation report
Having an enormous debt that difficult to run up has become a widespread problem
Having an enormous debt that is difficult to run up has become a widespread problem
setting up a new business or a firm will turn into an extremely difficult enterprise.
setting up a new business or a firm will turn into extremely difficult.
flaws:
Less auxiliary verb wanted:
Auxiliary verbs: 19.0 7.85571142285 242%
we realized that a lot of auxiliary verbs and 'will' are used. Most verbs are either 'auxiliary verbs' or 'will'.
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Attribute Value Ideal
Final score: 7.0 out of 9
Category: Good Excellent
No. of Grammatical Errors: 2 2
No. of Spelling Errors: 0 2
No. of Sentences: 17 15
No. of Words: 343 350
No. of Characters: 1715 1500
No. of Different Words: 211 200
Fourth Root of Number of Words: 4.304 4.7
Average Word Length: 5 4.6
Word Length SD: 2.68 2.4
No. of Words greater than 5 chars: 137 100
No. of Words greater than 6 chars: 99 80
No. of Words greater than 7 chars: 64 40
No. of Words greater than 8 chars: 44 20
Use of Passive Voice (%): 0 0
Avg. Sentence Length: 20.176 21.0
Sentence Length SD: 10.988 7.5
Use of Discourse Markers (%): 0.647 0.12
Sentence-Text Coherence: 0.276 0.35
Sentence-Para Coherence: 0.468 0.50
Sentence-Sentence Coherence: 0.022 0.07
Number of Paragraphs: 4 5
Essay evaluation report
Having an enormous debt that difficult to run up has become a widespread problem
Having an enormous debt that is difficult to run up has become a widespread problem
setting up a new business or a firm will turn into an extremely difficult enterprise.
setting up a new business or a firm will turn into extremely difficult.
flaws:
Less auxiliary verb wanted:
Auxiliary verbs: 19.0 7.85571142285 242%
we realized that a lot of auxiliary verbs and 'will' are used. Most verbs are either 'auxiliary verbs' or 'will'.
----------------------
Attribute Value Ideal
Final score: 7.0 out of 9
Category: Good Excellent
No. of Grammatical Errors: 2 2
No. of Spelling Errors: 0 2
No. of Sentences: 17 15
No. of Words: 343 350
No. of Characters: 1715 1500
No. of Different Words: 211 200
Fourth Root of Number of Words: 4.304 4.7
Average Word Length: 5 4.6
Word Length SD: 2.68 2.4
No. of Words greater than 5 chars: 137 100
No. of Words greater than 6 chars: 99 80
No. of Words greater than 7 chars: 64 40
No. of Words greater than 8 chars: 44 20
Use of Passive Voice (%): 0 0
Avg. Sentence Length: 20.176 21.0
Sentence Length SD: 10.988 7.5
Use of Discourse Markers (%): 0.647 0.12
Sentence-Text Coherence: 0.276 0.35
Sentence-Para Coherence: 0.468 0.50
Sentence-Sentence Coherence: 0.022 0.07
Number of Paragraphs: 4 5
Transition Words or Phrases used:
but, consequently, first, firstly, furthermore, if, may, moreover, second, secondly, so, well, for instance, in fact, in my opinion, in other words
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 8.0 13.1623246493 61% => OK
Auxiliary verbs: 19.0 7.85571142285 242% => Less auxiliary verb wanted.
Conjunction : 11.0 10.4138276553 106% => OK
Relative clauses : 3.0 7.30460921844 41% => More relative clauses wanted.
Pronoun: 12.0 24.0651302605 50% => OK
Preposition: 44.0 41.998997996 105% => OK
Nominalization: 6.0 8.3376753507 72% => OK
Performance on vocabulary words:
No of characters: 1776.0 1615.20841683 110% => OK
No of words: 347.0 315.596192385 110% => OK
Chars per words: 5.1181556196 5.12529762239 100% => OK
Fourth root words length: 4.31600926901 4.20363070211 103% => OK
Word Length SD: 2.73671753543 2.80592935109 98% => OK
Unique words: 215.0 176.041082164 122% => OK
Unique words percentage: 0.619596541787 0.561755894193 110% => OK
syllable_count: 572.4 506.74238477 113% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 3.0 5.43587174349 55% => OK
Article: 6.0 2.52805611222 237% => Less articles wanted as sentence beginning.
Subordination: 3.0 2.10420841683 143% => OK
Conjunction: 1.0 0.809619238477 124% => OK
Preposition: 5.0 4.76152304609 105% => OK
Performance on sentences:
How many sentences: 17.0 16.0721442886 106% => OK
Sentence length: 20.0 20.2975951904 99% => OK
Sentence length SD: 63.2794647373 49.4020404114 128% => OK
Chars per sentence: 104.470588235 106.682146367 98% => OK
Words per sentence: 20.4117647059 20.7667163134 98% => OK
Discourse Markers: 8.64705882353 7.06120827912 122% => 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 : 11.0 3.9879759519 276% => Less negative sentences wanted.
Sentences with neutral sentiment: 0.0 3.4128256513 0% => More facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.182618057647 0.244688304435 75% => OK
Sentence topic coherence: 0.055203981389 0.084324248473 65% => OK
Sentence topic coherence SD: 0.0445836276843 0.0667982634062 67% => OK
Paragraph topic coherence: 0.125310561673 0.151304729494 83% => OK
Paragraph topic coherence SD: 0.0596582432634 0.056905535591 105% => OK
Essay readability:
automated_readability_index: 12.9 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: 12.42 12.4159519038 100% => OK
dale_chall_readability_score: 9.18 8.58950901804 107% => OK
difficult_words: 100.0 78.4519038076 127% => OK
linsear_write_formula: 8.0 9.78957915832 82% => OK
gunning_fog: 10.0 10.1190380762 99% => OK
text_standard: 10.0 10.7795591182 93% => OK
What are above readability scores?
---------------------
Rates: 80.2696629213 out of 100
Scores by essay e-grader: 7.0 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.