It has become very common for people to borrow money. Most people have a credit card ,a mortgage and often they buy a car on credit card Al's well. Is this a good idea or is it too risky? Discuss both the views and give your opinion.
It is quite evident that nowadays people are often shopping more expensive things,
eventhough
they Suggestion
even though
donot
have a enough money. These are purchased by Suggestion
do not
different way
like Suggestion
different ways
the different way
credit
cards, mortage
and many others. a conditional conveyance of property as security for the repayment of a loan
mortgage
Although
this
idea
regarding purchasing on credit
has a good idea
, risks are also
not negligible. So, this
essay will be examined both the views in forthcoming paragraphs.
To begin
with, buying things on credit
is very good
Suggestion
a very good idea
idea
. In this
modern era, credit
card companies provide an opportunity to their clients who want to buy various essential things though they donot
have sufficient bank balance. Suggestion
do not
Therefore
, it is a very good opportunity for middle class people who are most suffering
from the situation regarding insufficient funds during their shopping time. Suggestion
are suffering most
For instance
, majority
of people completed their dreams regarding purchasing their own car, after introducing the Suggestion
the majority
a majority
credit
card facility. Thus
, buying products on credit
is a good idea
for people who dont
have do not
don't
full amount
of money at shopping time.
Indeed, purchasing things on Suggestion
the full amount
credit
is not only having good impacts but
Accept comma addition
impacts, but
also
it has various negative impacts too. On the contradictory approach, the major risk of credit
is losing the ownership of products. Similarly
, if customers are failed
to pay the Suggestion
failing
installments
of total a payment of part of a debt; usually paid at regular intervals
instalments
instalments'
credit
amount then
credit card company
Suggestion
the credit card company
take
their product and Suggestion
takes
also
sometimes company
puts their product on sale. Suggestion
sometimes a company
As a result
of this
, people will loose their products. This
same situation occurred on "home-buyer", because due to lack of fund, buyer had choosen
to purchase one who is the object of choice; who is given preference
chosen
choosing
home
on Suggestion
a home
credit
. After that, when they failed to pay installments
on time again and a payment of part of a debt; usually paid at regular intervals
instalments
again
Accept comma addition
again, then
then
finally
, company
sealed their home and they Suggestion
the company
a company
loose
their home ownership.
In conclusion, after analysing the both views, I am fail to keep or to maintain; cease to have, either physically or in an abstract sense
lose
inclining
towards the lateral view regarding Suggestion
inclined
risk
of Suggestion
the risk
credit
because purchasing on credit
will have chance
to loose our product. Suggestion
the chance
a chance
Thus
, it is quite obvious that "how much you have, that much you buy".Submitted by Dhruv on
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