People Should Be Limitted To Borrow Substantial Amounts Of Money

369 Words2 Pages
Nowadays credit cards or loans are used as a way for a lot of people to run up enormous private debts that they cannot afford. There are those who argue that individuals should be limitted to borrow substantial amounts of money. In this essay, I shall give two reasons why this idea is totally true and show one solution to make it more difficult to take a loan. Firstly, despite claims that governments need to give chances for people to do their own business by lending them money, it is a fact that the government budget will see a dramatical reduction when investing excessively. For instance, if the authorities do not limit the amounts of money they lend, more and more individuals will capitalise on that to run up their huge debts. Consequently,
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