In a cashless society, people use more credit cards. What are the advantages and disadvantages of this phenomenon?

With advancement in digital technology we now have access to myriad numbers of options in terms of money keeping. The trend of using credit cards has significantly increased in recent years, we are governing an era where people are going cashless and doing more of cards transactions. Some people believes that credit cards are giving freedom to consumers to purchase significantly more, while on the contrary, other curtails that credit card is creating an extra freight on consumers leading them to debt. In the forthcoming paragraphs, I would like to explain my perspectives in the subject matter.

Firstly, people's purchasing strength has dramatically increased with credit cards usage, even if they do not have any cash in their pockets they can buy supplies. Credit cards are intended to indirectly benefit the producers rather than consumers. Eventually money must be paid my consumers only, when consumers fails to make the credit card payment on time they have to pay a humongous interest rate on the total overdue amount. which is adding an extra load to individuals pocket.

Secondly, this phenomenon is indirectly dragging the people into more monitory pressure, leading myriad number of people to live in some poor circumstances. Credit cards or cashless society is a well thought phenomenon a lot of research is done behind it. For example, according to a research conducted by a prestigious university it has been identified that people who are using more credit card are not living a peaceful life and leading to lot more suicides.

Hence aforementioned, disadvantages of cashless society outweigh its advantages. Individual should be indulged in the usage of credit cards only if they conjecture that they can pay the money back to the respective credit cards companies.

Votes
Average: 7.7 (1 vote)
Essay Categories

Grammar and spelling errors:
Line 1, column 133, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...rms of money keeping. The trend of using credit cards has significantly increased...
^^
Line 1, column 286, Rule ID: SENTENCE_WHITESPACE
Message: Add a space between sentences
Suggestion: Some
...ss and doing more of cards transactions.Some people believes that credit cards are g...
^^^^
Line 3, column 449, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: Which
...erest rate on the total overdue amount. which is adding an extra load to individuals ...
^^^^^
Line 3, column 449, Rule ID: SENTENCE_FRAGMENT[1]
Message: “which” at the beginning of a sentence requires a 2nd clause. Maybe a comma, question or exclamation mark is missing, or the sentence is incomplete and should be joined with the following sentence.
...erest rate on the total overdue amount. which is adding an extra load to individuals ...
^^^^^
Line 5, column 140, Rule ID: A_PLURAL[2]
Message: Don't use indefinite articles with plural words. Did you mean 'circumstance'?
Suggestion: circumstance
...riad number of people to live in a poor circumstances. Credit cards or cashless society is a ...
^^^^^^^^^^^^^
Line 5, column 338, Rule ID: SENTENCE_WHITESPACE
Message: Add a space between sentences
Suggestion: For
...end money which is easy to be paid back.For example, according to a research conduc...
^^^
Line 7, column 1, Rule ID: SENT_START_CONJUNCTIVE_LINKING_ADVERB_COMMA[1]
Message: Did you forget a comma after a conjunctive/linking adverb?
Suggestion: Hence,
...fe and leading to lot more suicides. Hence aforementioned, disadvantages of cashle...
^^^^^

Transition Words or Phrases used:
also, first, firstly, hence, if, second, secondly, so, still, well, while, as to, for example, in my opinion, on the contrary

Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments

Performance on Part of Speech:
To be verbs : 19.0 10.5418719212 180% => OK
Auxiliary verbs: 5.0 6.10837438424 82% => OK
Conjunction : 5.0 8.36945812808 60% => More conjunction wanted.
Relative clauses : 9.0 5.94088669951 151% => OK
Pronoun: 26.0 20.9802955665 124% => Less pronouns wanted
Preposition: 53.0 31.9359605911 166% => OK
Nominalization: 2.0 5.75862068966 35% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.

Performance on vocabulary words:
No of characters: 1813.0 1207.87684729 150% => OK
No of words: 350.0 242.827586207 144% => Less content wanted.
Chars per words: 5.18 5.00649968141 103% => OK
Fourth root words length: 4.32530772707 3.92707691288 110% => OK
Word Length SD: 2.95855590808 2.71678728327 109% => OK
Unique words: 192.0 139.433497537 138% => OK
Unique words percentage: 0.548571428571 0.580463131201 95% => More unique words wanted or less content wanted.
syllable_count: 572.4 379.143842365 151% => OK
avg_syllables_per_word: 1.6 1.57093596059 102% => OK

A sentence (or a clause, phrase) starts by:
Pronoun: 5.0 4.6157635468 108% => OK
Article: 1.0 1.56157635468 64% => OK
Subordination: 3.0 1.71428571429 175% => OK
Conjunction: 0.0 0.931034482759 0% => OK
Preposition: 4.0 3.65517241379 109% => OK

Performance on sentences:
How many sentences: 13.0 12.6551724138 103% => OK
Sentence length: 26.0 20.5024630542 127% => The Avg. Sentence Length is relatively long.
Sentence length SD: 88.4234700697 50.4703680194 175% => OK
Chars per sentence: 139.461538462 104.977214359 133% => OK
Words per sentence: 26.9230769231 20.9669160288 128% => OK
Discourse Markers: 9.61538461538 7.25397266985 133% => OK
Paragraphs: 4.0 4.12807881773 97% => OK
Language errors: 7.0 5.33497536946 131% => OK
Sentences with positive sentiment : 9.0 6.9802955665 129% => OK
Sentences with negative sentiment : 2.0 2.75862068966 72% => OK
Sentences with neutral sentiment: 2.0 2.91625615764 69% => OK
What are sentences with positive/Negative/neutral sentiment?

Coherence and Cohesion:
Essay topic to essay body coherence: 0.311758884392 0.242375264174 129% => OK
Sentence topic coherence: 0.100915560742 0.0925447433944 109% => OK
Sentence topic coherence SD: 0.0660711035156 0.071462118173 92% => OK
Paragraph topic coherence: 0.184110448796 0.151781067708 121% => OK
Paragraph topic coherence SD: 0.0543474324149 0.0609392437508 89% => OK

Essay readability:
automated_readability_index: 16.4 12.6369458128 130% => OK
flesch_reading_ease: 45.09 53.1260098522 85% => OK
smog_index: 11.2 6.54236453202 171% => OK
flesch_kincaid_grade: 13.4 10.9458128079 122% => OK
coleman_liau_index: 13.06 11.5310837438 113% => OK
dale_chall_readability_score: 9.08 8.32886699507 109% => OK
difficult_words: 92.0 55.0591133005 167% => OK
linsear_write_formula: 19.5 9.94827586207 196% => OK
gunning_fog: 12.4 10.3980295567 119% => OK
text_standard: 13.0 10.5123152709 124% => OK
What are above readability scores?

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Rates: 77.7777777778 out of 100
Scores by essay e-grader: 70.0 Out of 90
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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.