Nowadays, there has been considerable discussion of serious financial problems and personal debts. Some people believe, that banks should make loans less accessible. I partly agree, that stricting the process of big amounts of money borrow can change the situation, but in my view, monitoring the salary of the individuals may also be a reasonable solution.
On the one hand, making it harder to borrow money can protect citizens from financial crises. First of all, many people do not plan their future budget properly and take high risks. For example, consumers often use credit cards for unnecessary shopping. Modern banks should therefore limit these options. Moreover, stricter rules prevent individuals from taking multiple large loans from different banks at the same time.
On the other hand, restricting access to credit can create other problems. Although it can’t be denied that limitations protect some people, they can also harm those who have real emergencies. Families often need urgent money for medicine or education. Besides that, a better idea is analyzing the employment history of the customer. Monitoring the salary allows banks to see how much money a person can repay.
In conclusion, stopping big personal debts needs a good plan. On balance, limiting large loans is useful, but it should not be the only way. I believe that banks should now carefully check how much money people earn and help them make smart decisions with their money.