In contemporary society, development technology that people easily obtain and use
credit
cards
. While many
folks
are not difficult to return their indebtedness to some extent, I still believe possessing
credit
cards
is more beneficial for users.
On the
one
hand, some
folks
end up in debt when they possess
one
or several
credit
cards
.
Firstly
,
credit
card
issuers seem to concentrate on their profit that users only fill up
credit
card
forms and duplicate personal identities to get approval.
they stimulate
credit
card
owners to use for purchasing with the lowest interest and more convenience leading to overspending .
As a result
, people increasingly struggle in a cycle of debts and the whole economy suffers .
Secondly
, due to the effects glamourous lifestyle that individuals embark on luxury and exotic stuff regardless of their payment ability or the amounts used for entertainment or their own habits.
For example
, according to a recent survey of Ho Chi Minh, 50 per cent of the
credit
card
used was sucked into debts and lost the ability to pay to citizens who are under 30-age, the cause of committing suicide for
this
person.
On the other hand
, if people know how to manage and take advantage benefits of
credit
cards
, they would be gotten a range of assistance from them. For
one
thing, they create favourable conditions for individuals in shopping and settling down their life.
For example
, buyers could purchase crucial and emergency things without insufficient finances and pay monthly instalments reasonable payment.
For Instance
, increasingly ,
folks
wouldn’t be able to pay
one
thing with higher prices
such
as a house, motorbike, or car . especially graduate students who need private transportation to serve their profession .
moreover
,
credit
cards
are effortlessly accessible and extremely convenient for use in domestic and international . domestic
cards
or account banks would be consumed inside introduced nations that businesses and individuals have been obstructed when they practice global trading .
for example
, when the populations go to overseas , they must exchange and bring local currency with a limited amount, that
credit
card
would make anything more convenient , faster and flexible.
In conclusion ,
credit
cards
become globalism that they play an important role to develop economies,
therefore
,
folks
and governments should put more emphasis on manipulation and rule of obtaining these
cards
.