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

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There has been controversy about whether borrowing extra credits from

banks

Use synonyms

or other institutions are beneficial than drawbacks. I completely agree with

this

Linking Words

notion unless the borrower does not manage it effectively.

To begin

Linking Words

with, from the business and mortgage perspectives, lending the loan seems to be an effective

investment

Use synonyms

tool.

First

Linking Words

, extra credits from

banks

Use synonyms

lead a vast of entrepreneurs to gain extra start-up funds to conduct their business.

For instance

Linking Words

, the famous entrepreneur – Elon Mask, borrowed loans for start-up money from

banks

Use synonyms

to innovate electronic cars and spaceships, and

then

Linking Words

he becomes a famous celebrity and the most successful entrepreneur in the world.

Second

Linking Words

, the mortgage is an alternative

investment

Use synonyms

to maintain financial security.

For instance

Linking Words

, in Hong Kong, housing properties are a finite resource because of limited land, soaring approximately 200% over a decade.

Therefore

Linking Words

, getting

credit

Use synonyms

is not a risky decision, even an

investment

Use synonyms

tool if you have a proper plan and are well-managed.

On the other hand

Linking Words

, borrowing

credit

Use synonyms

can lead to trouble situations if you are not well-managed. Individuals are not able to repay their debt on time, even loan interest, which they face irreversible consequences.

For instance

Linking Words

, a vast of youngsters only afford to pay the minimum charge of

credit

Use synonyms

cards, leading to bankruptcy eventually, which is significantly affecting their financial records in the future. In conclusion, despite borrowing

credit

Use synonyms

from

banks

Use synonyms

can lead to irreversible consequences

such

Linking Words

as bankruptcy, it is an effective

investment

Use synonyms

tool for entrepreneurs and investors if you have managed it properly.

fungtinwaierThu Jul 07 2022

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9
Linking words
meeting the goal of 7 or more
3
Word repetition
meeting the goal of 3 or fewer
0
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 7.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 8.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 7.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

254 words

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Topic Vocabulary:

compelled
strategic financial decision
investing
property
cash flow
rewards programs
debt trap
servicing debt
exacerbate
financial strain
cycle of debt
personal responsibility
financial literacy
informed decisions
excessive borrowing
ill-informed borrowing
financial planning

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Some people believe that violence on television and in computer games has a damaging effect on the society. Others deny that these factors have any significant influence on people's behaviour. What is your opinion?

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