Credit cards make people too indebted. Does the advantage of credit cards outweigh their drawbacks?
Nowadays
people
cannot imagine their lives without credit
cards
, which makes them financially obligated. This
essay will demonstrate how smart 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 credit
cards
can definitely make life easier. People
can use
credit
cards
as a method of payment, which gives them cash back for future purchases. Moreover
, if people
use
credit
cards
correctly, then
they build high credit
scores
as customers. Like this
, people
have a good opportunity to get the best rates on things such
as mortgage
, auto or personal loans. For example, in the USA home sales companies prefer buyers with higher Fix the agreement mistake
mortgages
credit
scores
. As a result
, they prevent a problem with payment during the mortgage.
On the other hand
, using credit
cards
incorrectly contributes to some problems for holders. Actually, people
spend more beyond
their budget. Change preposition
than
Although
,if they carry a balance month to month, they should pay some fees. Hence
, it can negatively affect their credit
scores
. For instance
, recent research concluded that American citizens' 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 some view that people
who use
credit
cards
are financially dependent. People
should follow requirements on how to use
smart cards
correctly,
because they face some problems Remove the comma
apply
such
as lower credit
scores
and additional fees. However
, credit
card holders can have a good chance to build high credit
scores
and earn cash backs
as a bonus.Replace the word
back
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coherence cohesion
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