You are hereMany people are using credit cards or loan to run-up personal debts that they may be unable to repay .It should therefore be made difficult for individuals to borrow large amount of money .What is your opinion on this?

Many people are using credit cards or loan to run-up personal debts that they may be unable to repay .It should therefore be made difficult for individuals to borrow large amount of money .What is your opinion on this?


GAURAV460's picture

By GAURAV460 - Posted on 12 September 2013

Essay topic: 

Many people are using credit cards or loan to run-up personal debts that they may be unable to repay .It should therefore be made difficult for individuals to borrow large amount of money .What is your opinion on this?

These days people can use credit cards and loans to financial resource, there has been considerable discussion of the large personal debt and loan withdrawn by people, which cannot be repaid;like their amount and interest.Some people claim that borrowings should be strict but some think its unfair to do so,as people endless needs and want modern standard of leaving.I would like to throw light on this surging phenomenon at both sides.

There are multifarious factors behind this concern.First and foremost,on the one hand,some people think that there must be a strong barrier when the huge amounts are loaned to public, one of the reason for this idea to prevent one monetary company from bigger bad-debts,which could lead to bankruptcy .Their every financial institution believe that prevention is better than cure;preventing the unwanted loan could help the bank and other financial companies to enhance economically and helping country side to flourish.However economical power enhances lucrative another countries to make investment as well as optimum strategic are generated by economist. that is undoubtable help them to create income.

By contrast on the contrary ,other have conflicting argument,that Credit cards and loan are the special facilities given to the people, which helps them to do their daily transaction as well as to run big projects and business at the same time.As beyond comparison their money-power enhance to endorse financial institution;like government subsidiary plain, loan for home,business,education loan and so on.Moreover credit cards can be used in several areas,as emergency tool in case of any accident or hazards,purchasing time whether from mall or branded shops although its safe to carrying credit cards instance cash in pockets.

from notion both aspects have there own,bank would not eliminate the borrowing money of individual because money unavoidable good-aspects.There should not be hassled to get credit card and loan because it serves as a helping hand in public.However it can not be denied that some of the people may be unable to repay it.I suggest that financial institutions to make a proper policy such as keeping the collateral or other documents before providing loan.

Average: 8.7 (6 votes)
Tags
More essays by this user:
Looking for speaking partner/tutor/chat? Join the instant conversation now!
    
Something about you
Choose a nickname and enter at least one ID (Skype, MSN, QQ, ICQ or Yahoo) if you want to be listed!
Registered users only
Loading...
(100 users watching; 1 users on the list)
People online
Nickname Sex L Country Favorite topics Contact

Imagine that a company plans to build a new factory in your area. Discuss how the factory might improve or harm your area. Do you favour or oppose this plan/ Use specific examples and reasons toyour answer Bincy
PARENTS AND TEACHERS. What do you choose as the best ? rusdiCPS
Keeping animals in captivity is cruel. There is no reason for zoos to exist in the 21st century? How far do you agree or disagree with this opinion? irfan.saputra sticky icon
As computers are being used more and more in education, there will be soon no role for teachers in class. Do you agree or disagree with this statement? Robin
Some people believe that study is important tosuccess, others say there is no relationbetween study and success. Discuss both views.Give your own opinion based on your Justin sticky icon
Should foreign languages be tought from kindergarten? gillgurpreet sticky icon
You write a letter to the manager of an airport about the service you received from the service personnelSpecify the service that helped you a lotDescribe the person who was involvedAdvise what you want the manager to do carolsusu
The plans below show Zhabei high school in 1990 and 2010. Write a summary of the information. Select and report the main features, and make comparisons where relevant. Write at least 150 words Neeshiya Fernando sticky icon
happiness is considered very important in life. why it is difficult to define? what factors are important in achieving happiness? ariel1984
Nowadays, more and more young unmarried adults are choosing to study and live outside their parents’ homes. Do you think this trend is positive? sfaht1 sticky icon

Term
Keeping animals in captivity is cruel. There is no reason for zoos to exist in 21st century. How far you agree and disagree with this opinion? Give your answer and include any relevant examples from your knowledge or experience. broerjuang IELTS
Even though globalization affects the world's economy in a very positive way.It's negative side should not be forgotten.Discuss singh deepsukh IELTS Writing Task II
In almost all the coutries there are laws regulating the contents of films, videos, books and newspaper. Should the media be controlled in these ways? What are the benefits or risks of censorship? serene123 IELTS
The graph below discusses lives of men, women with no children and women with children in one region of canada. naresh dubaka IELTS
The table below shows the average family income and expenses in the US in 1980 and 1985. Write a short report for a university lecture describing the changes. jason IELTS
Many people spend a lot of time using communication technologies. What are the reasons for this? What effects will this haveon our family and friends? Miachel sticky icon IELTS Writing Task II
Nowadays an increasing number of people change their career and place of residence several times during their life. Is this a positive or a negative development? Justin sticky icon IELTS Writing Task II
The charts below show information about animals and rainfall at the Nboro Nature Reserve. Summaries the information by selecting and report the main features and make comparisons where relevant. tiads IELTS
Stress is now a major problem in many countries around the world. What are some of the factors in modern society that cause this stress, and how can we reduce it? Sabee IELTS
What year should worker retired? eddysuaib IELTS Writing Task II

Term
Everyone should become vegetarian because people do not need to eat meat for healthy diet.Do you agree or disagree? Manpreet Kaur sticky icon IELTS Writing Task II
Some people think that living in a large city brings great opportunities to the citizens. However opponents believe that there are more disadvantages. Discuss the advantages and disadvantages of the matter and give relevant examples. Seal sticky icon IELTS Writing Task II
Topic: Decreasing levels of fresh water sources are becoming a global issue. What are the reasons? What can be done by governments to prevent it? Remansou IELTS Writing Task II
The chart below shows the total number of minutes (in billions) of telephone calls in the UK, divided into three categories, from 1995-2002.Summarise the information by selecting and reporting the main features, and make comparisons where relevant. hmrz ss IELTS Writing Task I
You took your family to a near-by restaurant. You were disappointed with the meal and wish to complain to the manager.Write a letter to the manager of the restaurant. In the letter :» explain why you were at the restaurant» describe the problems» write ab raghavansanthosh IELTS Writing Task I
While studying some students take weekend or evening jobs to help with expenditure. How do you feel about this? What are the drawbacks and benefits of such a decision? lrana32 IELTS Writing Task II
Look at the maps below showing how the town of Harborne changes from 1936 to 2007, and summarize the information by selecting and reporting the main features. Make comparison where relevant. adi_m461c IELTS Writing Task I
Today people spend more time travelling to work than before.Some people suggest employers should allow employers to do some work from home.Do you think that advantages of this outweigh the disadvantages? Manpreet Kaur sticky icon IELTS Writing Task II
Essay topic: Some experts believe that it is better for children to begin learning a foreign language at primary school rather than secondary school. Do the advantages outweigh the disadvantages? shaveta IELTS Writing Task II
Some people say that the government should control the amount of violence in films and on television in order to control violent crimes in society. How far do you agree or disagree this statement ? Amarjeet saggu IELTS Writing Task II

What are the pros and cons of using public transports? fredalee0511@gm... sticky icon IELTS Writing Task II
Everyone should become vegetarian because people do not need to eat meat for healthy diet.Do you agree or disagree? Manpreet Kaur sticky icon IELTS Writing Task II
Today people spend more time travelling to work than before.Some people suggest employers should allow employers to do some work from home.Do you think that advantages of this outweigh the disadvantages? Manpreet Kaur sticky icon IELTS Writing Task II
Some people think that living in a large city brings great opportunities to the citizens. However opponents believe that there are more disadvantages. Discuss the advantages and disadvantages of the matter and give relevant examples. Seal sticky icon IELTS Writing Task II
Despite health warnings, a large number of people continue to smoke all over the world.Why should we be concerned about this?What solutions would you suggest? ireneashish IELTS Writing Task II
Modern society is becoming more concerned about the increase in juvenile crime.What do you think is the cause of the increase in juvenile crime?What solutions can you suggest? nguyenkhaccuong IELTS Writing Task II
Some people think that students who don't take a break in studies between the high school and the university are at disadvantage compared to students who travel and work after high school before further continuing their education. Do you agree or disagree david xie IELTS Writing Task II
The percentage of overweight children in western society has increased by almost 20% in the last ten years. Discuss the causes and effects of this disturbing trend. Present a written argument to an educated reader with no specialist knowledge of the follo shemsi IELTS Writing Task II
In some countries employees are generally given two weeks of paid vacation time each year. In other countries employers are given four or six weeks of paid vacation time.Considering the need of both employers and employ, what do you think is a reasonable jogi IELTS Writing Task II
A growing number of people feel that animals should not be exploited by people and that they should have the same rights as humans, while others argue that humans must employ animals to satisfy their various needs, including uses for food and research. Di Miachel IELTS Writing Task II
essayE-rater's picture

Sentence: Their every financial institution believe that prevention is better than cure;preventing the unwanted loan could help the bank and other financial companies to enhance economically and helping country side to flourish.
Description: The fragment institution believe that is rare
Suggestion: Possible agreement error: Replace believe with verb, past tense

Sentence: However economical power enhances lucrative another countries to make investment as well as optimum strategic are generated by economist.
Description: An adjective is not usually followed by a determiner/pronoun, singular
Suggestion: Refer to lucrative and another

Sentence: That is undoubtable help them to create income.
Description: An adjective is not usually followed by a verb, base: uninflected present, imperative or infinitive
Suggestion: Refer to undoubtable and help

Sentence: As beyond comparison their money-power enhance to endorse financial institution;like government subsidiary plain, loan for home, business, education loan and so on.
Description: A noun, singular, common is not usually followed by a determiner, possessive
Suggestion: Refer to comparison and their
Description: The fragment money-power enhance to is rare
Suggestion: Possible agreement error: Replace enhance with verb, past tense

flaws:
No. of Grammatical Errors: 4 2
Sentence-Sentence Coherence: 0.056 0.07

Don't put a space before punctuation marks.
Always put a space after punctuation marks. E-rater is sensitive.

Attribute Value Ideal
Score: 6.5 out of 9
Category: Good Excellent
No. of Grammatical Errors: 4 2
No. of Spelling Errors: 0 2
No. of Sentences: 15 15
No. of Words: 368 350
No. of Characters: 1848 1500
No. of Different Words: 217 200
Fourth Root of Number of Words: 4.38 4.7
Average Word Length: 5.022 4.6
Word Length SD: 2.582 2.4
No. of Words greater than 5 chars: 136 100
No. of Words greater than 6 chars: 98 80
No. of Words greater than 7 chars: 66 40
No. of Words greater than 8 chars: 46 20
Use of Passive Voice (%): 0 0
Avg. Sentence Length: 24.533 21.0
Sentence Length SD: 11.512 7.5
Use of Discourse Markers (%): 0.533 0.12
Sentence-Text Coherence: 0.303 0.35
Sentence-Para Coherence: 0.514 0.50
Sentence-Sentence Coherence: 0.056 0.07
Number of Paragraphs: 4 5