Should we lend money to everyone?

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We should lend money to people because if they really need it to rebuild their business again after the financial crisis then we should give them a chance. We should give them loans because if they have enough money to pay their bills but not enough to start their buisness they would also need to rent or buy where they were going to plot so then they would have to take out a loan.

Jo's Story

"It was a couple of months after the financial crisis ended and I was working as a stocker in a shop and I was still getting over the fact my business was dragged down. I wanted to get a loan but I thought would this ever happen again? So I went to my local bank and asked for a loan and they said yes; I was thrilled. I then started my hairdressing business again and I was able to pay back the loan I took out from the bank!"

This is a reason banks should give people loans.

We shouldn't lend loans to people who haven't got enough money in general, or enough money to pay their bills or rent because they wouldn't be able to pay the loan back. You would need a decent amount of money to get a loan just like Jo.

Jack's Story

"I had just lost my job before the financial crisis began; I didn't know what to do. I was renting my flat and it was time to pay the bills I then realised that I didn't have enough money. I thought about getting a loan so I went to the bank and I asked if they would accept me, sadly they said no as I wouldn't have enough money to pay it back. I was so anxious and I didn't know what else to do except get a job and hope that I wouldn't get into debt.

This is why people should have a job so that they can get money to give back to the banks.

(The names in the stories were made up)

By harmonious_seahorse

Comments (9)

  • Hanson-logo-250x250.jpg hopeful_panda_bear
    Hanson Academy 13 Dec 2018

    I totally agree with what you are saying and I love how you have used a story to back up you point you are using point evidence explain and it is a great technique to use for when you are having a debate well done

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  • Noel-Park-logo-250x250.jpg secure_hedgehog
    Noel Park Primary School 14 Dec 2018

    i do not think we should lend money to everyone because not all people do good things with the money and do things like buy drugs and alcohol which is far from staying healthy. Also money is not to be taken for granted however there are certain people that do take it for granted and buy unimportant things although there are important things to be payed for.

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  • Noel-Park-logo-250x250.jpg faithful_dragonfly
    Noel Park Primary School 14 Dec 2018

    I don't think that we should lend money to everyone because some people might actually need it for a house or a car however some people say they need it for a house when they actually are going to buy something else like a long row of video game. People can also use the money in the wrong way.

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  • Noel-Park-logo-250x250.jpg capable_wombat
    Noel Park Primary School 14 Dec 2018

    It is important to point out that most of the countries in Europe take in people that want to go away from war but most are moving countries because of the banking rules in some countries for example in England if a refugee from another country comes they are already of the bat provided with a house/flat and are payed without any need of the refugee/refugees working so I personally think that banks should lend money to refugees or any other people but stop at some point so that the money can be earned by the people.

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  • Noel-Park-logo-250x250.jpg cherished_petal
    Noel Park Primary School 14 Dec 2018

    I think it is alright to lend money to people as long as it's your choice and you are not forced to do it, also you have to keep in mind that someone can be trying to trick you, some of people pretend to be homeless just to gain money.If you don't want to lend other people money than don't, the choice is always yours.

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  • Tiff-Avatar.jpg Tiff @ the BNC 14 Dec 2018 in reply to capable_wombat's comment

    Here is a BBC article which explain the process of seeking asylum in the UK.

    https://www.bbc.co.uk/news/uk-33729417

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  • Noel-Park-logo-250x250.jpg faithful_dragonfly
    Noel Park Primary School 15 Dec 2018

    I think that we shouldn't lend money to people when we don't know what there going to do with it if they say there going to buy something they need but there not going to because they want to buy that is something less than 500,000 or even 100,000 they are the ones that should not be lend money from the bank or from somebody. people can also use the money to buy things such as alcohol and many more unhealthy products.

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  • Hanson-logo-250x250.jpg hopeful_panda_bear
    Hanson Academy 17 Dec 2018 in reply to harmonious_seahorse's comment

    Okay happy to help of you need anything

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