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.

#people #money #credit #card #mortgage #car #idea

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Nowadays, the borrowing of funds has become easier than past. Now,

people

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have

credit

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cards

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and they can take

loans

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from banks to buy property or cars. Some

people

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think that it is too risky to take

loans

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and some are in favour.

This

Linking Words

essay will discuss both views in the forthcoming paragraphs.

To begin

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with, many

people

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believe that

loans

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take an individual into debt and they are not in the favour of

credit

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cards

Use synonyms

For instance

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, one of my friends takes a

loan

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to purchase a car from a bank. His monthly salary was 70,000 and the instalment of the

loan

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was 35000. In the beginning, it was a smooth process of instalments later during COVID, he suffered a lot. He lost his job and

then

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the bank manager took his car and said within the given period of time settle down your mortgage

otherwise

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they will sell their car. It was really a harsh situation for him. From

this

Linking Words

view,

people

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are afraid to take

loans

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On the other hand

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, some

people

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and I believe that

loans

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credit

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cards

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are beneficial to purchasing a home or installing a new company. I think proper planning proves beneficial for us.

For instance

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, In 2012, I took a

loan

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to establish my own factory. I made planning on how I will return

this

Linking Words

loan

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. Everything was going in planning and in 2020 I paid all amount in instalments now I have my own factory worth rupees two crores and I am

also

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debt-free. To conclude, In my opinion, I think that

credit

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cards

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are not bad if one uses them wisely. It gives us advantages to make our own home or property. With proper planning, it can be paid.

Submitted by Rajwinder Kaur on Thu Jul 07 2022

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Your opinion

Don’t put your opinion unless you are asked to give it.

If the question asks what you think, you MUST give your opinion to get a good score.

Don’t leave your opinion until the conclusion.

Here are examples of instructions that require you to give your opinion:

...do you agree or disagree?...do you think...?...your opinion...?

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7
Linking words
meeting the goal of 7 or more
5
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: 6.0

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

290 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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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.

Your opinion

Some people think success in life comes from hard work and determination, but others think there are more important factors. Discuss both sides and give your opinion.

Water is a natural resource that should be free. The government should ban the sale of bottled water. To what extent do you agree or disagree?

It is important for everyone, including young people, to save money for their future. To what extent do you agree or disagree with this statement?

In many countries schools have severe problems with student behaviour. What do you think are thge cause of this? What solutions can you suggest?