Many people are using credit cards or loans to run up huge personal debts that they may be unable to repay. It should therefore be made more difficult for individuals to borrow large amounts of money. What are your opinions on this?

An important issue today is related to the accumulation of a large

number

of debts. A commonly held belief is that in order for those bills to be paid, individuals should not be let to borrow a lot of financial resources easily. In

this

essay, I am going to elaborate on the given topic and show my approval for

this

thesis.

To begin

with, there are a large

number

of negligent people who use their credit cards without thinking about the possibility of repayment.

For example

, a person who is not aware of the consequences of using some form of financial help is certain to accumulate huge loans which are difficult to be paid back.

Therefore

, in order for

this

to be prevented, bank clerks should not let citizens with not practical knowledge in the

money

sphere borrow resources.

On the other hand

, those who have gathered a sufficient amount of financial education do not experience problems with loan accumulation.

For instance

, individuals with large companies utilize their finances wisely by investing in their businesses .

This

demonstrates to us that not everyone should be limited in their right to withdraw

money

.

Nevertheless

, in general, people do not have any financial education. A great solution will be to include basic budget management in the school curriculum because

this

will teach children to gain some knowledge which will reduce the

number

of prospective debts. In conclusion, I firmly believe that it should be made difficult for normal citizens without any business educational background to borrow a large

number

of

money

resources. Even though there are some entrepreneurs who understand the power of managing

money

matters, the majority has little to no comprehension in the field.