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

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

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Presently, a sizable group believes that credit has become more popular and a magnificent way to procure essential items for being

such

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as cars or accommodations,

while

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, others argue that it has more drawbacks. In

this

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essay, I will discuss both sides of public opinion and give my own.

Firstly

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, I will consider how lent money opens more opportunities.

Secondly

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, I will explore ignorance and the risk of losing belongings

Remove the comma

apply

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and utilizing these funds incorrectly.

To begin

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with, bank systems worldwide have been developed by people to improve the economic state of residents,

subsequently

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, plenty of individuals started to take money for their development.

Moreover

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this

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money gives opportunities to examine new spheres and cognize knowledge, which will bring results in the future.

For example

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, the bank provides special credits for setting up small businesses or educational leases, which leads to improving creditors' lifestyles and

then

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they pay bank interest back,

thus

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, both receive benefits.

On the other hand

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, credit is risky and it is the responsibility of the people who take them,

therefore

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, they should be aware of how to use them properly to not lose all property.

Furthermore

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, resources being leased by creditors must be active

that is

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, should be contributed to the spheres where they bring capital.

For example

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, if a person buys in credit a car to work as a cabbie, it will not have any risky or devastating consequences because they will pay the lease,

nevertheless

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, if they procure expensive items

such

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as phones, it will not bring funds to the person so it would be risky. In conclusion, it seems clear that people should be aware of how to use leased funds. In my opinion, they have to be utilized only for self-development or to set up their own company that will have economic benefits.

Submitted by maxbabeshko49 on Sat Feb 11 2023

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task response

The essay adequately presents both sides of the argument and provides a clear opinion.

coherence cohesion

The logical structure should be improved by organizing ideas more coherently.

coherence cohesion

The introduction and conclusion are adequately presented, however, the essay lacks clear connections between ideas and within paragraphs.

coherence cohesion

The main points are supported with relevant examples, but the essay lacks clear connections between ideas.

16
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meeting the goal of 7 or more
0
Word repetition
meeting the goal of 3 or fewer
1
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 5.0

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: 8.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 5.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

301 words

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Topic Vocabulary:

Financial stability
Debt management
Interest rates
Creditworthiness
Loan repayment
Economic impact
Fiscal responsibility
Consumer behavior
Asset acquisition
Credit cycle
Default risk
Liquidity
Financial planning
Credit limit
Down payment
Income-to-debt ratio
Repossession
Amortization
Secured/unsecured loan
Investment
Compulsive spending
Insolvency

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