Chữa bài IELTS Task 2
updated 6 years, 6 months ago
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People now using Visa and MasterCard to lend currency remotely is practically everywhere. It make purchasing goods much easier than ever in term of convenience and cost. Nonetheless, there is lots of people are using it in an unwise manner falling into suffocating debt.
There is no denying the fact that credit cards can boost the buying power especially overseas even when people don’t have enough money to charge. As the lending process based on frequent purchases to build a respectable credit history. Therefore, in the event of emergency, people can afford to borrow money then pay them off in monthly instalments. Paying balances down by the due date can help raising the credit score and make our own lending rates high enough to buy much more valuable assets. Furthermore, by using the credit card, people can collect points in order to get free items, such as free flights, hotel stays or groceries as rewards. In addition, some cards or services in recent offer cash back as an incentive along with promoting the cardholders level.
Despite of many benefits above, credit cards make people mentally feel compelled to spend more money than they have for a thing not really needed. Then their balance consequently keep rolling over month by month after adding up fees and interests then dragging the person deeper and deeper in debt. If abused, credit cards score can be fallen into a downward spiral detaching the user from spending or paying a penalty if they exceed their credit limit.
There is mounting evident that credit cards is significant to our daily lives so we have to use it and use it right to avoid its pitfalls. It is mandatory to closely review monthly payments and pay off the balance in the end of the month. Besides, taking precautions when making purchases online and reporting stolen card instantly to the credit card company.
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It has become very common for people to borrow money. Most people have a credit card, a mortgage and often they will buy a car on credit as well. Is this a good idea or is it too risky? Discuss both views and give your own opinion.
People now using Visa and MasterCard to lend currency remotely is practically everywhere. It make purchasing goods much easier than ever in term of convenience and cost. Nonetheless, there is lots of people are using it in an unwise manner falling into suffocating debt.
There is no denying the fact that credit cards can boost the buying power especially overseas even when people don’t have enough money to charge. As the lending process based on frequent purchases to build a respectable credit history. Therefore, in the event of emergency, people can afford to borrow money then pay them off in monthly instalments. Paying balances down by the due date can help raising the credit score and make our own lending rates high enough to buy much more valuable assets. Furthermore, by using the credit card, people can collect points in order to get free items, such as free flights, hotel stays or groceries as rewards. In addition, some cards or services in recent offer cash back as an incentive along with promoting the cardholders level.
Despite of many benefits above, credit cards make people mentally feel compelled to spend more money than they have for a thing not really needed. Then their balance consequently keep rolling over month by month after adding up fees and interests then dragging the person deeper and deeper in debt. If abused, credit cards score can be fallen into a downward spiral detaching the user from spending or paying a penalty if they exceed their credit limit.
There is mounting evident that credit cards is significant to our daily lives so we have to use it and use it right to avoid its pitfalls. It is mandatory to closely review monthly payments and pay off the balance in the end of the month. Besides, taking precautions when making purchases online and reporting stolen card instantly to the credit card company.
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