Credit cards and loaning are the most commonly used type of borrowing that people use for financial purposes, nowadays. In order to reduce credit risk, the requirements for individuals to get credits has become more difficult to meet. To my opinion, there are different beneficial and detrimental effects that can be resulted from complication of crediting process.
To start with, advantages of banks not lending money to people, who cannot repay the sum they borrow, include decreased credit risk in their operations. This is caused by individuals' not spending more than their ability to repay and not expanding their debts too much. As a result of less risks involved, interest rate of loans also decrease, since they are positively correlated. For example, in developed countries such as Germany, mortgage loans' interest rate is about 1-2 percent, because citizens there borrow in such amount that they can meet their obligations to pay at its duration.
On the other hand, complicated requirements for credits of financial institutions lead to drawbacks. Individuals' necessity for financial source may lead them to lending organizations as mafias or illegal financial institutions, which affects negatively to banks' effectiveness. Moreover, they also put not only their life, but support of the country's economy in danger by dealing with such organizations in financial matters. Another possible disadvantage of difficult loaning process is that banks may lose opportunities to benefit from credits and to increase monitoring cost.
In conclusion, banks nowadays are doing best to minimize risks by making it difficult for people to obtain debts from them. Nevertheless, it is also important to negotiate with customers and finance their projects at proper agreements, rather than rejecting them. In other case, economy of the country may stop being developed and crisis may happen.
Grammar and spelling errors:
Line 3, column 285, Rule ID: FEWER_LESS[2]
Message: Did you mean 'fewer'? The noun risks is countable.
Suggestion: fewer
...ng their debts too much. As a result of less risks involved, interest rate of loans ...
^^^^
Transition Words or Phrases used:
also, but, if, may, moreover, nevertheless, so, for example, in conclusion, such as, as a result, to start with, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 10.0 13.1623246493 76% => OK
Auxiliary verbs: 7.0 7.85571142285 89% => OK
Conjunction : 8.0 10.4138276553 77% => OK
Relative clauses : 6.0 7.30460921844 82% => OK
Pronoun: 22.0 24.0651302605 91% => OK
Preposition: 47.0 41.998997996 112% => OK
Nominalization: 3.0 8.3376753507 36% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 1604.0 1615.20841683 99% => OK
No of words: 293.0 315.596192385 93% => More content wanted.
Chars per words: 5.47440273038 5.12529762239 107% => OK
Fourth root words length: 4.13729897018 4.20363070211 98% => OK
Word Length SD: 2.92683956239 2.80592935109 104% => OK
Unique words: 177.0 176.041082164 101% => OK
Unique words percentage: 0.60409556314 0.561755894193 108% => OK
syllable_count: 497.7 506.74238477 98% => OK
avg_syllables_per_word: 1.7 1.60771543086 106% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 3.0 5.43587174349 55% => OK
Article: 1.0 2.52805611222 40% => OK
Subordination: 3.0 2.10420841683 143% => OK
Conjunction: 1.0 0.809619238477 124% => OK
Preposition: 8.0 4.76152304609 168% => OK
Performance on sentences:
How many sentences: 14.0 16.0721442886 87% => OK
Sentence length: 20.0 20.2975951904 99% => OK
Sentence length SD: 30.8859818939 49.4020404114 63% => OK
Chars per sentence: 114.571428571 106.682146367 107% => OK
Words per sentence: 20.9285714286 20.7667163134 101% => OK
Discourse Markers: 9.28571428571 7.06120827912 132% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 1.0 5.01903807615 20% => OK
Sentences with positive sentiment : 10.0 8.67935871743 115% => OK
Sentences with negative sentiment : 4.0 3.9879759519 100% => OK
Sentences with neutral sentiment: 0.0 3.4128256513 0% => More facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.27797047716 0.244688304435 114% => OK
Sentence topic coherence: 0.0935675012568 0.084324248473 111% => OK
Sentence topic coherence SD: 0.0538706529206 0.0667982634062 81% => OK
Paragraph topic coherence: 0.167787189664 0.151304729494 111% => OK
Paragraph topic coherence SD: 0.0698963987386 0.056905535591 123% => OK
Essay readability:
automated_readability_index: 14.8 13.0946893788 113% => OK
flesch_reading_ease: 42.72 50.2224549098 85% => OK
smog_index: 11.2 7.44779559118 150% => OK
flesch_kincaid_grade: 12.3 11.3001002004 109% => OK
coleman_liau_index: 14.45 12.4159519038 116% => OK
dale_chall_readability_score: 9.21 8.58950901804 107% => OK
difficult_words: 85.0 78.4519038076 108% => OK
linsear_write_formula: 12.0 9.78957915832 123% => OK
gunning_fog: 10.0 10.1190380762 99% => OK
text_standard: 12.0 10.7795591182 111% => OK
What are above readability scores?
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Rates: 84.2696629213 out of 100
Scores by essay e-grader: 7.5 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.