The reason that most people are in debt is the overuse as well as irresponsible use of credit cards. Banks ought to do a background check and only issue credit cards to individuals who have the ability to pay back their debts. What is your opinion?

In the present age, society is dealing with a serious issue. More and more people tend to use their charge plate irresponsibly. Part of the population shares the opinion, that banks should provide charge plates only to those, who are able to pay off their debts.  Personally, I am in favour of

this

point of view, and in the following essay, I would like to describe why.

First

and foremost, I believe, that overuse of plastic money can be seen mostly among the educated part of the population. In my point of view, financial education should be mandatory at all elementary schools. It has been proven by a recent survey among US citizens, that over 40% of the population do not know the basics of using plastic money responsibly.

Moreover

, these people are not aware of the debt trap, which is almost impossible to avoid in some cases. The solution is easy. Banks should not be allowed to issue credit cards to those, who are not able to pay off the money on time. In the Czech Republic,

for example

, it is impossible to get a credit card while you work for the lowest salary.

That is

how the banks secure themselves.

On the other hand

, in the United States, it is common to have several charge plate

that is

issued without the background checks of an individual. In the light of the above factors, I believe, that

this

issue can be solved by financial education of the society and mandatory background check of a person who wants to get a credit card issued.  Personally, I am in favour of

this

point of view, and in the following essay, I would like to describe why.