The reason that most individuals are in debit is due to the overuse as well as irresponsible use of


“The reason that most individuals are in debit is due to the overuse as well as irresponsible use of credit cards. Banks should not issue credit cards unless they are completely sure of an individual’s ability to pay back their debits. To what extent do you agree with this? “


Sample Answer:

Credit card debt has become a major issue for many individuals, and it is true that the overuse and irresponsible use of credit cards are significant contributors to this problem. However, the suggestion that banks should only issue credit cards if they are completely sure of an individual’s ability to pay back their debts is not entirely practical.

While it is important for banks to assess the creditworthiness of their customers before issuing credit cards, it is not always possible to accurately predict an individual’s financial situation in the future. People’s financial circumstances can change unexpectedly due to various factors such as job loss, illness, or other unforeseen events. Therefore, it would be unreasonable to expect banks to guarantee that every individual will be able to pay back their debts when issuing credit cards.

Instead of placing the burden solely on banks, it is essential for individuals to take responsibility for their own financial decisions. They should be educated about the potential risks and consequences of using credit cards irresponsibly. Furthermore, banks can implement stricter guidelines for issuing credit cards and provide ongoing financial education and support to their customers to help them manage their debts more effectively.

In conclusion, while the overuse and irresponsible use of credit cards contribute to individuals being in debt, expecting banks to guarantee an individual’s ability to pay back their debts before issuing credit cards is not entirely realistic. It is important for both banks and individuals to take proactive measures to address this issue and promote responsible financial management.


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