Many people are using credit cards or loans to run up huge personal debts that they may be unable to repay. It should therefore be made more difficult for individuals to borrow large amounts of money.
What are your opinions on this?
In 21st century, due to rapid surge in globalisation the demand and need of an individual has also increased which has directly affect their economy. A few people are utilising their e-cards or borrow loans from the bank or any other organisation to run up with their personal expense but unfortunately they are not capable to repay it. Thus, the views on this statement or mention in the further paragraphs before reaching to the conclusion.
To commence with, when a citizen visits to a bank or any private organisation to borrow a loan at that time they should offer a credit according to their financial background and should firstly analyse their documents and look towards their bank balance if that person is capable to repay the amount then loan loan should be granted otherwise not. For instance, person having income of 15,000 per month once the loan of 20 lakhs then it’s not possible for him
Moreover bank should increase the rate of interest if an individual is financing a huge amount of loan. That means, where a normal person is in need of cash in not Having enough to pay the debt Then according to it Interest should be charged 1.5 times more than the face value. Further, institutions should provide them money on the basis of their credit score rather than giving them blindly. For instance, a businessman or an industrialist having a good bond with them then it is easy for them to approve for the loan.
Moreover, when the city is in utilises the facility of overdraft which is offered by every bank that should be strictly prohibited for certain bank account holders whose reputation in the bank is poor. In order to decline the credit risk not only for an individual but also for them. To exemplify, overdraft should be given to only few customers who are capable enough to pay back and maintain the credit in the bank.
To conclude after looking into the documents of a client according to it only that they should lend the money to them even though having better credit score. In my perspective, reserve bank of India (RBI) Should frame some strict rules and regulation to grant a loan to any citizen of a country
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2021-09-28 | Vaibhavvp20 | 78 | view |
| 2021-08-29 | phungnguyen | 61 | view |
| 2021-08-29 | phungnguyen | 61 | view |
| 2021-08-29 | phungnguyen | 61 | view |
| 2021-03-31 | supc1 | 67 | view |
Grammar and spelling errors:
Line 1, column 268, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
... other organisation to run up with their personal expense but unfortunately they ...
^^
Line 3, column 306, Rule ID: ENGLISH_WORD_REPEAT_RULE
Message: Possible typo: you repeated a word
Suggestion: loan
...son is capable to repay the amount then loan loan should be granted otherwise not. For in...
^^^^^^^^^
Line 5, column 1, Rule ID: SENT_START_CONJUNCTIVE_LINKING_ADVERB_COMMA[1]
Message: Did you forget a comma after a conjunctive/linking adverb?
Suggestion: Moreover,
...lakhs then it’s not possible for him Moreover bank should increase the rate of intere...
^^^^^^^^
Transition Words or Phrases used:
also, but, first, firstly, if, look, moreover, so, then, thus, for instance
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 14.0 13.1623246493 106% => OK
Auxiliary verbs: 12.0 7.85571142285 153% => OK
Conjunction : 12.0 10.4138276553 115% => OK
Relative clauses : 12.0 7.30460921844 164% => OK
Pronoun: 29.0 24.0651302605 121% => Less pronouns wanted
Preposition: 54.0 41.998997996 129% => OK
Nominalization: 11.0 8.3376753507 132% => OK
Performance on vocabulary words:
No of characters: 1776.0 1615.20841683 110% => OK
No of words: 377.0 315.596192385 119% => OK
Chars per words: 4.71087533156 5.12529762239 92% => OK
Fourth root words length: 4.4064143971 4.20363070211 105% => OK
Word Length SD: 2.51655230064 2.80592935109 90% => OK
Unique words: 192.0 176.041082164 109% => OK
Unique words percentage: 0.509283819629 0.561755894193 91% => More unique words wanted or less content wanted.
syllable_count: 552.6 506.74238477 109% => OK
avg_syllables_per_word: 1.5 1.60771543086 93% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 1.0 5.43587174349 18% => OK
Article: 3.0 2.52805611222 119% => OK
Subordination: 2.0 2.10420841683 95% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 6.0 4.76152304609 126% => OK
Performance on sentences:
How many sentences: 13.0 16.0721442886 81% => Need more sentences. Double check the format of sentences, make sure there is a space between two sentences, or have enough periods. And also check the lengths of sentences, maybe they are too long.
Sentence length: 29.0 20.2975951904 143% => The Avg. Sentence Length is relatively long.
Sentence length SD: 65.0164294211 49.4020404114 132% => OK
Chars per sentence: 136.615384615 106.682146367 128% => OK
Words per sentence: 29.0 20.7667163134 140% => OK
Discourse Markers: 5.76923076923 7.06120827912 82% => OK
Paragraphs: 5.0 4.38176352705 114% => OK
Language errors: 3.0 5.01903807615 60% => OK
Sentences with positive sentiment : 11.0 8.67935871743 127% => OK
Sentences with negative sentiment : 2.0 3.9879759519 50% => More negative sentences wanted.
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: 0.277373656249 0.244688304435 113% => OK
Sentence topic coherence: 0.0973160114561 0.084324248473 115% => OK
Sentence topic coherence SD: 0.0529605688641 0.0667982634062 79% => OK
Paragraph topic coherence: 0.153756131999 0.151304729494 102% => OK
Paragraph topic coherence SD: 0.0399233665262 0.056905535591 70% => OK
Essay readability:
automated_readability_index: 15.3 13.0946893788 117% => OK
flesch_reading_ease: 50.5 50.2224549098 101% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 13.4 11.3001002004 119% => OK
coleman_liau_index: 10.63 12.4159519038 86% => OK
dale_chall_readability_score: 8.01 8.58950901804 93% => OK
difficult_words: 70.0 78.4519038076 89% => OK
linsear_write_formula: 14.5 9.78957915832 148% => OK
gunning_fog: 13.6 10.1190380762 134% => OK
text_standard: 15.0 10.7795591182 139% => OK
What are above readability scores?
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Rates: 73.0337078652 out of 100
Scores by essay e-grader: 6.5 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.