People increasingly rely on credit cards for regular payments. Do the advantages of this outweigh its disadvantages?

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Nowadays, a
credit
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card becomes commonplace.
Nevertheless
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,
this
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changes our means of payment. More and more
people
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prefer to paying their expenses with
credit
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cards by dividing periodical payments. It has a negative impact overall despite giving some flexibility to
people
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.
Firstly
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, regular payments damage
people
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mentally. With
this
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economic burden,
people
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seek to find how to pay every month. Many take out massive loans to meet
credit
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card’s regular demands, resulting in putting
people
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in severe looping and
thus
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effects their psychology.
For example
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, those taking out mortgage
credit
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that lasts almost 30 years have to pay 500 dollars monthly and
this
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load is so heavy that most of them start using antidepressants or other drugs to unwind themselves.
However
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,
credit
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cards’ payment method offers the chance to
people
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to purchase anything they want, and loans can be paid more flexible.
Therefore
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, they can obtain electronic devices, cars or even a house located in a privileged destination.
In addition
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, some do not always own cash money that enables them to buy things.
Hence
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, their needs could be met with the cards.
For instance
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, washing machines can be affordable with instalments for underprivileged ones who want to pick up them. In my opinion, these psychological impacts bring about severe events.
People
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can go about committing a crime because of owing too much and even
this
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load causes an increase in suicide rates.
Consequently
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, it has more disadvantages. In conclusion,
although
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credit
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cards offer convenience to
people
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with regular payments, they can encounter serious problems, leading to other social problems.
Submitted by mdorukugur on

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