In many countries it is very easy to apply for and be given credit card. However, this causes some people to have problems with debts they can't pay back. Do the advantages outweigh the disadvantages.

Credit posters are getting popular in many countries as they are available easily to any customers and banks are providing their benefits. I firmly believe that the benefits of the given scenario overpower the drawbacks and the reasons will be articulated in

further

paragraphs.

To begin

with, there are myriads of merits associated with the given trend,

firstly

the benefit of the badge is that nation use them mostly to buy unwanted things as they think they are not paying now as

at the end

of the month they will be paying so they just go on spending unaware of the bills they will be receiving on the end of the month.

For instance

, families who spend a lot on luxurious items get into debt and are not able to pay and the interest keeps on increasing on the amount they spend. So, the crowd need to be aware before taking credit poster as there's no doubt it rises our cibil score which helps us get a loan for various purposes. As every coin has two sides,

this

scenario too has certain demerits too. First and foremost the spending habit of the public is affected because they do not spend on basic needs.

For example

, in the USA there are many societies that are in huge debt with credit checks where they are unemployed and are not able to repay the amount. It

also

affects the financial stability of the public who is addicted to spending money unnecessarily. Agglomerating all the points, I hereby again favour my opinion that the pros overshadow the cons. I personally think that advantages should be given more importance than disadvantages and they should be worked upon.