The reason that most individuals are in debts is due to the overuse as well as irresponsible use of credit cards. Banks should not issue credit cards unless they are completely sure of an individual’s ability to pay back their debits. To what extent do you agree with this?

Nowadays, the number of citizens who run up an overdraft is increasing, and the reason for their debts is using

credit

cards

constantly and irresponsibly. To tackle

this

problem,

banks

should not provide

cards

to customers without being sure of their ability to pay back the money that they borrowed. The purpose of

this

essay is to provide evidence of why I agree with

this

precaution.

Firstly

, a reality that exists all around the globe is the increasing amount of personal and national debt. People use their

credit

cards

to buy products that cannot afford, claiming that they will be able to pay back for them in the future.

However

, they fail to pay back because of the global financial crisis, which has created exorbitant living costs,

for example

, a rise in the price of essential products and the price of accommodation.

Banks

must keep up with current issues and strict regulations regarding who will be allowed to have a

credit

card, and the best way to achieve

that is

by making a detailed

credit

check to every customer to ensure their credibility.

Furthermore

, the uncontrolled distribution of

credit

cards

harmed the economy and the mental health of people in the past.

For instance

, when

credit

cards

were

first

issued,

banks

were too lenient and tried to persuade anyone to have some. It was the best option for those who desired to pay back their mortgages, move to a better house, or go on luxurious holidays. People were unconscious of their spending so, in a short amount of time, their debts accumulated, and some even went bankrupt.

Thus

,

banks

must learn from the mistakes they made in the past and change their policy about issuing

credit

cards

to anyone who cannot afford to have them. In conclusion, the irresponsible overuse of

credit

cards

has led many citizens into debt. Many believe that

banks

are responsible for limiting their distribution and checking customers' backgrounds thoroughly to ensure that they will not face insolvency, and

this

essay provided arguments to support

this

point of view.