Prompt: 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.

These days, going into debt is a normal thing.It is almost impossible to buy a house without the help of a someone, and people hardly give this a second thought. Although, borrowing money can give people some opportunities they would not have otherwise, I believe that, going into credit is very risky. Ċ Firstly, on some occasions, borrowing cash can help people improve their circumstances. For instance, if a person is aware of the risk and they do his or her maths carefully, he or she can pay less, monthly, for a mortgage than they would for rent, and enjoy the added advantage of owning a property. Therefore, it is undoubtedly a good choice to do this action. The feeling you have when people live in their own house is matchless and it's worth the risk. Ċ On the other hand, in spite of these benefits, lending money can also pose quite a lot of danger.For example, if someone gets a credit on a house at a bad time, he or she can end up stuck paying much more than the property is actually worth.Moreover, if they do not succeed in getting a debt lots of people decide to borrow from entrust one like pawnbrokers. Ċ To summarize, people can easily borrow some cash if they actually need, but they do not have to trust other people then banks. Therefore, borrowing fund, having a credit card or a mortgage is risky at some point but may be very useful if people do not have the chance to buy a property. After thorough analysis on this subject, it is a good idea to borrow money in some circumstances, but without a great deal of caution it can pose serious danger.