Credit card make people to indebted. Does the advantage of credit card outweigh their drawbacks.
Nowadays
people
cannot imagine their lives without credit
cards
, which makes them financially obligated. This
essay will demonstrate how credit
cards
make people
's lives much easier, however
, spending more beyond their means will have negative effects on their credit
scores
.
On the one hand, using a credit
card
can definitely make life easier. People
can use credit
cards
as a payment method, which gives them cash back for future purchases. Moreover
, if people
use a credit
card
correctly, then
they build high credit
scores
as customers. Like this
people
have a good opportunity to best rates on things such
as mortgages, auto or personal loans in the future. For example
, in the USA home sales companies prefer buyers with higher credit
scores
instead
of solvent customers. As a result
, they prevent a problem with payment during the mortgage.
On the other hand
, using a credit
card
incorrectly contributes to some problems for holders. Usually, people
spend more money on credit
cards
beyond their budget. Also
, they need to pay some fees if they carry a balance month to month. Hence
, spending too much on their card
or missing a payment can negatively affect their credit
scores
. For instance
, recent research concluded that Americans' total credit
card
debt increases every year, which means more and more people
destroy their credit
scores
and remain in debt.
In conclusion, there is a view that people
who use credit
cards
are financially dependent. People
should follow requirements how using a credit
card
correctly because people
face some problems as lower credit
scores
and additional fees. However
, credit
card
holders can great chance to build high credit
scores
and earn cash back as a bonus.Submitted by janmuldayevaa1 on
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task achievement
Your response adequately addresses the task but could benefit from a bit more depth. Ensure that all main points are fully developed with specific examples and detailed explanations.
coherence cohesion
Try to refine your sentence structure and use linking words more naturally. Improving the flow between ideas will enhance overall coherence and cohesion.
coherence cohesion
Your essay has a clear introduction and conclusion, which helps frame your argument.
task achievement
You included relevant examples to support your points, which strengthen your arguments.