It is said in present apply for a credit card much easyer than in the past. Despite the advatages of fast money there is a lot of disadvantages, such as credit addiction.
While people can easily have credit money for desired purchces it is obviously makes our life much comfortable. You shouldn’t wait monthly paycheck or collect money some time to make target stuffs, credit card’ availbility helping to make a lot of dreems come true. Trips, home furniture, cloth, even real estate card owner can afford in a moment. The entire global economy build on loans and credits. For the last couple years world credit dept increased twice due to economy crise triggered high unimployment and inflation.
On the other hand easy credit money lead to addiction, people have stopped relying on themselves and treating money appropriatly. They can’t stop spending, buying a lot of usless no need things, become overconsumers, even relise they will never can give back the loan to banks. The current centery has become a centery of massive bankrouptcy. Banks to repay loans take away property making people homeless, debts provoke a lot of siucides, due to banks pressure. Besides, credit money create mental disorders and are often become a cause of devorces. In this way credit system an monetary policy in general make puppets out of people with lifelong debts and any healhty motivation to live except for overconsuming bank’s money.
Consiquently, despite the apperent advantage of easy money, such as quick satisfaction customs desires, availability of credit cards made unhelthy society with addictions, mental issues and destroyed future perspectives. Apperantly this credit system should be changed.