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Sample Credit Report - Walters

The document discusses the growing issue of people living on credit in Poland. It presents the current situation and reasons for this trend, such as job loss or using credit to fund unrealistic goals. It analyzes possible solutions like interest-free loans or financial counseling. The consequences if the problem is not addressed could include serious financial problems affecting individuals and the wider economy.

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Jeremy Walters
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284 views1 page

Sample Credit Report - Walters

The document discusses the growing issue of people living on credit in Poland. It presents the current situation and reasons for this trend, such as job loss or using credit to fund unrealistic goals. It analyzes possible solutions like interest-free loans or financial counseling. The consequences if the problem is not addressed could include serious financial problems affecting individuals and the wider economy.

Uploaded by

Jeremy Walters
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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TASK TWO

Write a minimum of 200 words on one of the topics below.


1. Nowadays more and more people are living on credit. Write a report on the issue, in which
you:
• present the current situation and reasons for such a trend
• analyze possible ways of dealing with this problem
• predict the consequences if attempts to resolve the problem fail

Report on credit problems in Poland

Introduction
A topic sentence at the start of each section

In recent years more and more people have taken to living on credit. It is the aim of this report
to present the current situation and the reasons for this phenomenon; analyse how the situ-
ation could be dealt with; and predict what the consequence may be if the problem is not dealt
with. In order to do this, statistical data from government and independent research has been
analysed.

Current situation and possible reasons


Clear structure given
“ ”
To begin with, it is important to de?ine what is meant by the term living on credit. It is under-
stood that this means living beyond your means and not being able to easily pay back the cred-
it taken. The reason for this could be that a person has lost their job and thus needs credit to
survive. This would, understandably, be a short-term remedy. However, what is perhaps far
more dangerous is when someone uses credit as a long term answer to satisfying their desires
without any real plan of how to pay it back. Unfortunately both of these types of credit use can
be seen in Poland today.

Ideas linked within paragraphs


Ways to deal with the issue

From the above, it can be seen that there are two principal types of credit use and therefore
two methods of dealing with the problem will be given. Firstly, those suffering from short
term ?inancial problems should be able to access interest-free government loans in order to
get back on their feet. Conversely, those who use credit as a way to obtain unrealistic goals
should, rather than being offered credit, be provided with some form of counselling so as to
change their habits.

Prognosis for the future


Contrasting ideas are clearly indicated

Credit has become an ever-present part of modern life and in some circumstances provides a
very valuable service. That said, if the current trend for people to consume beyond their
means continues, then it could lead to serious ?inancial problems. Such problems would not
only affect the individuals but have rami?ications for the wider economy and society.

Jeremy Walters Studium Języków Obcych


Lotniczej Akademii Wojskowej

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