The Pitfalls in Borrowing Money
A. The dangers or risks of borrowing money
B. Background of borrowing/ responsibilities of borrower
C. Thesis Statement: Borrowing money creates a profile of financially-at-risk individuals that shall be dependent on the characteristic of the borrower, who may the tendency to mismanage and misuse their credit cards.
II. Counter-Arguments
- There are advantages and disadvantages in borrowing money through loans and credit cards.
- The financial problems of the borrower are easily resolved by seeking financial assistance from loans and credit cards for payment of mortgage, car loans, student loans and other emergency needs.
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