It has become very common for people to borrow money. Most people havea credit card, a mortagage and often they will buy a car on credit as well. Is this a good idea or is it too risky? Discuss both views and give your own opinion.

Nowadays
people
have various kinds of sources to acquire money easily with affordable interest rates. These sources are
namly
Correct your spelling
namely
a credit card, a mortgage and to buy private transport on credit. Some say that it
a
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is a
show examples
good option while some are in
oppose
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opposition
show examples
with
Change preposition
to
show examples
the statement. I will discuss both the views in
this
essay with
Correct your spelling
relevant
relevent
Correct your spelling
relevant
examples and I opine that it is a good idea to fulfil
desire
Correct pronoun usage
one desire
show examples
without waiting for long periods. With
an
Correct article usage
the
show examples
advent of increasing affluence of the
people
and regular income of an individual. They often take loans to fulfil their dreams in a short period of time. The loan facilities provided by banks in urban areas are the most
Correct your spelling
preferable
show examples
preferrable
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preferable
show examples
choices for
people
.
For example
, one of my friends, who went to pursue his master's in mechatronics engineering,
have
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has
show examples
mortagaged
Correct your spelling
mortgaged
mortgage
his house to in order to pass his education loan to meet the financial requirements for fees and living expenses in very low interests.
On the other hand
, It seems too risky when defined interest does not
Correct your spelling
received
receive
recieved
Correct your spelling
received
on time.
Furthermore
,
penalty
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the penalty
a penalty
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is imposed on an individual which
also
disrupts the records and may result in
denial
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a denial
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for
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of
show examples
future loans.
For instance
, Recently I purchased my smartphone on
credit
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the credit
a credit
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card in which
amount
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the amount
show examples
was automatically
desolved
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dissolved
into 6 months of EMI.
However
, repayment was delayed by 6 days due
late
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to late
show examples
the remuneration of
salary
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the salary
show examples
.
Hence
interest rates were increased by 10% which disrupted the regular budget for 6 months. In conclusion,
although
there are both sides
of
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to
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borrowing money,
majority
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the majority
show examples
of
people
opt for loans by purchasing on credits and
Correct your spelling
mortgage
mortagage
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mortgages
despite
of
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apply
show examples
being aware of
risk
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the risk
show examples
. and I opine in
favor
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favour
show examples
of borrowing the money as it extends the living standard of the
people
.
Submitted by lushennandanwar.ln on

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    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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