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

a human being

person

prion

has become a common thing. In todays generation

this

asking nature has been developed more. People holding

credit

Suggestion

a credit card

card

or have a

mortage

a conditional conveyance of property as security for the repayment of a loan

mortgage

often tend to purchase

car

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a car

even on

credit

given.

This

essay will shed light on the positive

partt

something determined in relation to something that includes it

part

parts

path

of doing

this

,

also

will discuss the risk associated with it. At the

end I

Accept comma addition

end, I

will give my view on

this

situation. To commence with,

ue

put into service; make work or employ for a particular purpose or for its inherent or natural purpose

use

of

credit

cardto

Suggestion

card to

buy something has some merits.

Firstly

, a

person

who is in a need of buying their daily necessary item

,

Accept space

,

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

lateron

Suggestion

later on

.

For instance

, for a newly employed

person

buying home

Accept comma addition

buying, home

would be

a

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an

arduous

task but

Accept comma addition

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%

intrest

a sense of concern with and curiosity about someone or something

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

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

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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

Suggestion

a critical situation

critical situations

. To conclude, buying the important item through

credit

card

is

acceptable but

Accept comma addition

acceptable, but

one should know how to have control over

this

. While, risk linked with

this

is less if it is used wisely.