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
other
any of various alternatives; some other
another
peron
has become a common thing. In todays generation a human being
person
prion
this
asking nature has been developed more. People holding credit
Suggestion
a credit card
card
or have a mortage
often tend to purchase a conditional conveyance of property as security for the repayment of a loan
mortgage
car
even on Suggestion
a car
credit
given. This
essay will shed light on the positive partt
of doing something determined in relation to something that includes it
part
parts
path
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, ue
of put into service; make work or employ for a particular purpose or for its inherent or natural purpose
use
credit
cardto
buy something has some merits. Suggestion
card to
Firstly
, a person
who is in a need of buying their daily necessary item,
and do not Accept space
,
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 lateron
. Suggestion
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% Suggestion
provides
intrest
rate on the borrowed amount. a sense of concern with and curiosity about someone or something
interest
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 with
are also associated with
also
associatedwith 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 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.Submitted by pavitramohanty111 on
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