The reason that most individuals are in debt is due to the overuse and 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 debts. To what extent do you agree with this?
Overspending is a current trend nowadays, which can lead to higher
debt
proportion in the community. Some people believe that banks
should apply the strict role of using credit
cards
. However
, credit
cards
come with many advantages and thus
I do not agree with that. In the following, we will deliberate more impressive usage of credit
cards
.
One of the most advantages of credits card provide us with a convenient way
of transactions and buying. It's a very comfortable and accessible way
. However
,people misuse this
feature and may buy not nesseccary items, which leads individuals
to get into a debut. However
,responsible spending should be learned and taught to decrease the percentage of overspending instead
of strictly issuing of
Change preposition
apply
credit
cards
. Credit
cards
are very essential ,especially in emergency situations and hence
is not practical for banks
to limit using them to persons only who are able to clear the debt
. Thus
, the efficient way
to reduce the rate of overuse is learning people to be more realistic when using credit
cards
.
Additionally
, there are many factors that lead individuals
to incur debts such
as loans , and unexpected life circumstances such
as job loss and medical needs. All of the previous factors can lead individuals
to borrow money and fall into heavy debt
. Hence
, restricting the use of credit
cards
could not solve the issue of increasing the rate of debt
completely. In terms of financial situations, responsible actions and usage is the most useful way
to prevent financial strains and falling into heavy debts. Credit
cards
are a profound way
and more practical than cash usage hence
banks
could not stop using credit
cards
.
To sum up
, credit
cards
are a very convenient and practical financial tool. Furthermore
, it is very essential in emergency situations. Hence
, I totally disagree that banks
should restrict credit
cards
to only responsible individuals
.Submitted by fmalquran112 on
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