THE REASON THAT MOST INDIVIDUALS ARE IN DEBITS IS DUE TO THE OVERUSE AS WELL AS IRRESPONSIBLE USE OF CREDIT CARDS. BANKS SHOULD NOT ISSUE CREDIT CARDS UNLESS THEY ARE COMPLETELY SURE OF AN INDIVIDUAL’S ABILITY TO PAY BACK THEIR DEBITS.

It

is widely believe

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is widely believed

that

credit

cards

has helped

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have helped

people in many

cases but

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cases, but

on the other

hand putting

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hand, putting

them in debt and other terrible consequences. While

this

payment

method may bring some benefits to both individuals and banks,

i

refers to the speaker or writer

I

personally believe that it is necessary for the banks to check the

payment’s

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payment

history of each customer before letting them use

credit card

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a credit card

credit cards

.

First

, in order to avoid unexpected situations, it is better for banks

to make

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make

surveys and inquiries about their customers’ spending history before issuing them

credit

cards.

This

means, by completely sure about each

individuals

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individual

financial ability, it can decrease the chance of losing money. More than that, since some customers may overuse their

credit

cards to pay for

unnecessary but

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unnecessary, but

costly things, the banks may become bankrupt if having to pay for those items. So, it is beneficial

for

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to

the bank to make sure about their customer’s economic background before providing them

credit

cards.

For instance

, ACB or EXIMBANK now have

create

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created

many assessments to make sure about their customers’

payment

ability before issuing them

such

way of

payment

.

Moreover

, by restricting irresponsible individuals from the use of plastic money,

banks

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the banks

can eliminate social evils. In fact, many

credit

cards

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card

users

have became

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have become

criminals in order to find some money to pay for their loans. A case in point that Jamie, a well-known Instagramers, who claimed to be overuse her

credit

cards to purchase expensive clothes and cars, have been arrested for gambling.

This

means, it is

compulsary

required by rule

compulsory

to check the responsibility of each customer in order to avoid any bad consequences that may adversely affect the society. In conclusion,

although

credits

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credit

card may bring lots of benefits to both banks and consumers, I still believe that banks must make sure that their customers are responsible for their

payment

so as to avoid terrible consequences.