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.

Borrowing money from another

person

has become a common thing. In todays generation

this

asking nature has been developed more. People holding a

credit

card

or have a mortgage often tend to purchase

car

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a car

even on

credit

given.

This

essay will shed light on the positive part of doing

this

,

also

will discuss the risk associated with it. At the

end I

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end, I

will give my view on

this

situation. To commence with, use of a

credit

card

to buy something has some merits.

Firstly

, a

person

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

credit

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a credit card

credit cards

card

to buy the product and pay later on.

For instance

, for a newly employed

person

buying home

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buying, home

would be

a

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an

arduous

task but

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task, but

with the help of

credit

card

he/she can afford to satisfy the basic need. By

this

way one can live a comfortable life.

In addition

, some

credit

card

company

provide

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provides

0% interest rate on the borrowed amount.

This

can give somewhat

relief

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a relief

to

customer

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customers

a customer

the customer

who will to shop something. Buying daily necessary product during

such

offer period is a good idea though. On the other side, certain type of risks

are

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is also associated

also

associated with overbuying which is discussed. The

credit

card

companied are offering lucrative discounts as a reason the vulnerable people tend to buy

unnecessary item

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unnecessary items

an unnecessary item

. Due to

such

nature the debt of that

person

may augment. If the buyer

have

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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

, research by one of the leading

organization

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organizations

of

world

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the world

shows that 21% committed

sucide

the act of killing yourself

suicide

rate is due to their unbearable liability amount.

Thus

,

overshopping

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over shopping

may land a

person

to

critical situation

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a critical situation

critical situations

. To conclude, buying the important item through a

credit

card

is

acceptable but

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acceptable, but

one should know how to have control over

this

. While, risk linked with

this

is less if it is used wisely.