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 opinions on this?
Give reasons for your answer and include any relevant examples from your own knowledge and experience.
You should write at least 250 words.
Many people are using credit cards or loans to run up huge personal debts that they may have no ability to repurchase. But should it be made more difficult for individuals to borrow large amounts of money?
I think that everything has its good and dark sides. On the one hand, if it is difficult to borrow money, people will spend their penny more carefully, reducing the amounts of huge personal debts. And it makes the economy safer, there will be no economic crisis. For example, in 1997, there was an Asian crisis due to huge personal debts that the owner of the debt couldn't repay, that devastating crisis soon spread to the whole Asia continent. That great crisis wiped out millions of dollars and made thousands of people lose their jobs and everything just remained normal after lots of bailouts were given out by economic organizations. If the financial institutions have fewer risks, the interest rate may be will decrease.
On the other hand, If it's hard for humans to borrow cash, they will find other ways to borrow money. For instance, they will think of borrowing from mafias, illegal sources, or even earning them illegally. That will not only support the country's economy but also bring dangers to their life. Moreover, banks will lose opportunities to making more money and increase monitoring costs.
In conclusion, I believe that banks shouldn't make it too strict in lending money but they should creating chances for individuals to borrow money in their possibilities, not to creating huge debts in order not to invent another Asian economic crisis.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2021-09-28 | Vaibhavvp20 | 78 | view |
| 2021-08-29 | phungnguyen | 61 | view |
| 2021-08-29 | phungnguyen | 61 | view |
| 2021-08-29 | phungnguyen | 61 | view |
| 2021-03-31 | supc1 | 67 | view |
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Grammar and spelling errors:
Line 2, column 279, Rule ID: COMMA_PARENTHESIS_WHITESPACE
Message: Put a space after the comma
Suggestion: , .
...e safer, there will be no economy crisis,. For example, in 1997, there was Asian c...
^^
Line 2, column 376, Rule ID: EN_CONTRACTION_SPELLING
Message: Possible spelling mistake found
Suggestion: couldn't
...ge personal debts that the debtss owner couldnt repay, that devastating crisis soon spr...
^^^^^^^
Line 2, column 680, Rule ID: FEWER_LESS[2]
Message: Did you mean 'fewer'? The noun risks is countable.
Suggestion: fewer
...ons. If the financial institutions have less risks, the interest rate may be will de...
^^^^
Line 3, column 279, Rule ID: DT_PRP[1]
Message: Possible typo. Did you mean 'the' or 'their'?
Suggestion: the; their
...ntrys economy but also bring dangers to the their life. Moreover, banks will lose opportu...
^^^^^^^^^
Line 3, column 384, Rule ID: COMMA_PARENTHESIS_WHITESPACE
Message: Don't put a space before the full stop
Suggestion: .
... more money and increase monitoring cost . In conclusion, Im of the opinion that...
^^
Line 4, column 16, Rule ID: EN_CONTRACTION_SPELLING
Message: Possible spelling mistake found
Suggestion: I'm
...ease monitoring cost . In conclusion, Im of the opinion that banks shouldnt make...
^^
Line 4, column 45, Rule ID: EN_CONTRACTION_SPELLING
Message: Possible spelling mistake found
Suggestion: shouldn't
...onclusion, Im of the opinion that banks shouldnt make it too strict in lending money but...
^^^^^^^^
Transition Words or Phrases used:
also, but, if, may, moreover, so, for example, for instance, i think, in conclusion, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 8.0 13.1623246493 61% => OK
Auxiliary verbs: 12.0 7.85571142285 153% => OK
Conjunction : 10.0 10.4138276553 96% => OK
Relative clauses : 8.0 7.30460921844 110% => OK
Pronoun: 24.0 24.0651302605 100% => OK
Preposition: 33.0 41.998997996 79% => OK
Nominalization: 1.0 8.3376753507 12% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 1315.0 1615.20841683 81% => OK
No of words: 270.0 315.596192385 86% => More content wanted.
Chars per words: 4.87037037037 5.12529762239 95% => OK
Fourth root words length: 4.05360046442 4.20363070211 96% => OK
Word Length SD: 2.43906693938 2.80592935109 87% => OK
Unique words: 155.0 176.041082164 88% => More unique words wanted.
Unique words percentage: 0.574074074074 0.561755894193 102% => OK
syllable_count: 405.9 506.74238477 80% => OK
avg_syllables_per_word: 1.5 1.60771543086 93% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 6.0 5.43587174349 110% => OK
Article: 1.0 2.52805611222 40% => OK
Subordination: 3.0 2.10420841683 143% => OK
Conjunction: 2.0 0.809619238477 247% => Less conjunction wanted as sentence beginning.
Preposition: 4.0 4.76152304609 84% => OK
Performance on sentences:
How many sentences: 13.0 16.0721442886 81% => Need more sentences. Double check the format of sentences, make sure there is a space between two sentences, or have enough periods. And also check the lengths of sentences, maybe they are too long.
Sentence length: 20.0 20.2975951904 99% => OK
Sentence length SD: 54.7731200002 49.4020404114 111% => OK
Chars per sentence: 101.153846154 106.682146367 95% => OK
Words per sentence: 20.7692307692 20.7667163134 100% => OK
Discourse Markers: 7.84615384615 7.06120827912 111% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 7.0 5.01903807615 139% => OK
Sentences with positive sentiment : 7.0 8.67935871743 81% => OK
Sentences with negative sentiment : 6.0 3.9879759519 150% => OK
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: 0.367917660169 0.244688304435 150% => OK
Sentence topic coherence: 0.132792511209 0.084324248473 157% => OK
Sentence topic coherence SD: 0.129954832673 0.0667982634062 195% => OK
Paragraph topic coherence: 0.276398006921 0.151304729494 183% => OK
Paragraph topic coherence SD: 0.198225929577 0.056905535591 348% => More connections among paragraphs wanted.
Essay readability:
automated_readability_index: 11.9 13.0946893788 91% => Automated_readability_index is low.
flesch_reading_ease: 59.64 50.2224549098 119% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 9.9 11.3001002004 88% => OK
coleman_liau_index: 10.97 12.4159519038 88% => OK
dale_chall_readability_score: 8.14 8.58950901804 95% => OK
difficult_words: 60.0 78.4519038076 76% => More difficult words wanted.
linsear_write_formula: 8.5 9.78957915832 87% => OK
gunning_fog: 10.0 10.1190380762 99% => OK
text_standard: 10.0 10.7795591182 93% => OK
What are above readability scores?
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Rates: 61.797752809 out of 100
Scores by essay e-grader: 5.5 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.