Industy

Essay

Write about the following topic;

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?

Give reasons for your answer and include any relevant examples from your own knowledge and experience.

You should write at least 250 words.

Please state thesis statement and topic sentences.

Do not plagiarize.

Hand it to me by the 11th October 2013

Furthermore, though it is true that poor people should be supported by the government to increase the living standard, we should bear in mind that the poor are usually unable to repay their debts and some problems could happen. A good example of this is a Vietnamese person named Nguyen Vu Bao, who borrowed a big amount of money from a state bank and could not afford it. As a result, he shole money from a family and killed three other people, so he was sentenced the death penalty two years ago.

An effective method is for the government to push the deadline of repaying earlier to limit the number of people being loaned money. For example, in the past, the authorities decided that people had to repay their debts 100% after three years, but now the deadline should decrease to one year. This leads to the government budget being always in secure because the number of people who run up their debts will fall remarkably.

To conclude, in my opinion, the government should limit the amounts of money which they lend because of several troubles that relevant to country’s economy and social problems, especially crime. A good solution is for the authorities to reduce the deadline in order to make the number of individuals borrow

It is unarguable that nowadays, credit card is becoming more and more popular. Many people use them and some people have to have at least two. However, a lot of people say that “Using credit cards or loans makes...