The reason that most individuals are in debt is due to the overuse and 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 debts. To what extent do you agree with this?

In recent times, there has been a tremendous increase in the number of people who use

cards and

has in turn resulted in an unwanted overuse of the same. Some argue that banks should not issue cards unless they are completely sure about the ability of an individual to pay back the debts and I completely agree with

.

There are multiple reasons to support the fact that

cards are getting misused.

,

of youngsters want to have the cash without going through the

paper works that happens in any banks for loans.

is easy to get with minimum effort from our side, since a lot of representatives call each and every person on a day to day basis to complete their target.

, most of these institutions offer free cards without any fee for almost

year and

people are more attracted to

.

, they even offer promotions and discounts on various shops which increases the number of people who prefer

. Since money has to be paid only at the end or

of the month, they

without thinking and ultimately end up buying all unwanted and expensive items, which they could never buy with actual cash. Once they get used to

, it is difficult to change

trend.

The aforementioned scenario has a detrimental effect on the society as well as the nation. Some people are of the opinion that banks should not give the cards unless they are totally sure about the repayment and I

believe

ought to be the correct way.

it is beneficial to have a huge customer base, they should

consider the fact that people are misusing

, thereby increasing the debts. Even before issuing the cards, they must have a guarantee that the individual is capable of repaying.

, it seems to be

to check the bank statements to know the financial background before issuing the card as well as deciding the

limit.

, the recession that

in the United States can be traced back to the overuse of credits. The same happened in India

due to the ignorance of

as well as the institutions.

To conclude, everything has a positive and negative aspect and

card is

for people who know how to manage money. In my personal opinion, I believe that banks should be a little more responsible and careful

the issue of cards and the misuse should be controlled.