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
even on Suggestion
a car
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
will give my view on Accept comma addition
end, I
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
can use 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
credit
Suggestion
a credit card
credit cards
card
to buy the product and pay later on. For instance
, for a newly employed person
buying home
would be Accept comma addition
buying, home
a
arduous Suggestion
an
task but
with the help of Accept comma addition
task, but
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
0% interest rate on the borrowed amount. Suggestion
provides
This
can give somewhat relief
to Suggestion
a relief
customer
who will to shop something. Buying daily necessary product during Suggestion
customers
a customer
the customer
such
offer period is a good idea though.
On the other side, certain type of risks are
Suggestion
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
. Due to Suggestion
unnecessary items
an unnecessary item
such
nature the debt of that person
may augment. If the buyer have
no control on his spending the rising debt may someday cause financial anxiety, may commit crime or think to give-up life. Suggestion
has
For example
, research by one of the leading organization
of Suggestion
organizations
world
shows that 21% committed Suggestion
the world
sucide
rate is due to their unbearable liability amount. the act of killing yourself
suicide
Thus
, overshopping
may land a Suggestion
over shopping
person
to critical situation
.
To conclude, buying the important item through a Suggestion
a critical situation
critical situations
credit
card
is acceptable but
one should know how to have control over Accept comma addition
acceptable, but
this
. While, risk linked with this
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.