It has become very common for people to borrow money . Most of people have a credit card a mortgage and often they will buy a car on credit as well . Is this goid idea or is it too risky? Discuss both views and give your opinion.

✨ Do you want to improve your IELTS writing?
Borrowing money from another
person
Use synonyms
has become a common thing. In todays generation
this
Linking Words
asking nature has been developed more. People holding a
credit
Use synonyms
card
Use synonyms
or have a mortgage often tend to purchase
car
Suggestion
a car
even on
credit
Use synonyms
given.
This
Linking Words
essay will shed light on the positive part of doing
this
Linking Words
,
also
Linking Words
will discuss the risk associated with it. At the
end I
Accept comma addition
end, I
will give my view on
this
Linking Words
situation. To commence with, use of a
credit
Use synonyms
card
Use synonyms
to buy something has some merits.
Firstly
Linking Words
, a
person
Use synonyms
who is in a need of buying their daily necessary item, and do not
money
a quantifier that can be used with count nouns and is often preceded by 'as' or 'too' or 'so' or 'that'; amounting to a large but indefinite number
many
can use
Use synonyms
credit
Suggestion
a credit card
credit cards
card
Use synonyms
to buy the product and pay later on.
For instance
Linking Words
, for a newly employed
person
Use synonyms
buying home
Accept comma addition
buying, home
would be
a
Suggestion
an
arduous
task but
Accept comma addition
task, but
with the help of
credit
Use synonyms
card
Use synonyms
he/she can afford to satisfy the basic need. By
this
Linking Words
way one can live a comfortable life.
In addition
Linking Words
, some
credit
Use synonyms
card
Use synonyms
company
provide
Suggestion
provides
0% interest rate on the borrowed amount.
This
Linking Words
can give somewhat
relief
Suggestion
a relief
to
customer
Suggestion
customers
a customer
the customer
who will to shop something. Buying daily necessary product during
such
Linking Words
offer period is a good idea though. On the other side, certain type of risks
are
Suggestion
is also associated
also
Linking Words
associated with overbuying which is discussed. The
credit
Use synonyms
card
Use synonyms
companied are offering lucrative discounts as a reason the vulnerable people tend to buy
unnecessary item
Suggestion
unnecessary items
an unnecessary item
. Due to
such
Linking Words
nature the debt of that
person
Use synonyms
may augment. If the buyer
have
Suggestion
has
no control on his spending the rising debt may someday cause financial anxiety, may commit crime or think to give-up life.
For example
Linking Words
, research by one of the leading
organization
Suggestion
organizations
of
world
Suggestion
the world
shows that 21% committed
sucide
the act of killing yourself
suicide
rate is due to their unbearable liability amount.
Thus
Linking Words
,
overshopping
Suggestion
over shopping
may land a
person
Use synonyms
to
critical situation
Suggestion
a critical situation
critical situations
. To conclude, buying the important item through a
credit
Use synonyms
card
Use synonyms
is
acceptable but
Accept comma addition
acceptable, but
one should know how to have control over
this
Linking Words
. While, risk linked with
this
Linking Words
is less if it is used wisely.

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.

Topic Vocabulary:
  • Financial stability
  • Debt management
  • Interest rates
  • Creditworthiness
  • Loan repayment
  • Economic impact
  • Fiscal responsibility
  • Consumer behavior
  • Asset acquisition
  • Credit cycle
  • Default risk
  • Liquidity
  • Financial planning
  • Credit limit
  • Down payment
  • Income-to-debt ratio
  • Repossession
  • Amortization
  • Secured/unsecured loan
  • Investment
  • Compulsive spending
  • Insolvency
What to do next:
Look at other essays: