Credit monitoring and fraud prevention have become increasingly common topics in IELTS Writing Task 2 examinations, particularly in questions about technology, personal finance, and consumer protection. Based on analysis of past IELTS exams, this theme appears in approximately 15% of Task 2 questions relating to modern society and technology. Let’s examine a recent question that exemplifies this trend.
importance of monitoring credit scores regularly has become crucial in today’s digital age, making it a relevant topic for IELTS candidates to master.
Some people believe that regular credit monitoring is essential to prevent financial fraud, while others think it is unnecessary and creates unnecessary anxiety. Discuss both views and give your opinion.
Analysis of the Question
This question requires candidates to:
- Discuss arguments for and against regular credit monitoring
- Present a balanced analysis of both perspectives
- Provide a clear personal opinion
- Support arguments with relevant examples
Credit monitoring and financial security concept illustration
Sample Essay 1 (Band 8.5)
In today’s digital economy, the debate over the necessity of credit monitoring has intensified. While some individuals consider it a vital tool for financial security, others view it as an unnecessary source of stress. In my opinion, regular credit monitoring is increasingly essential in our interconnected financial world.
Proponents of credit monitoring argue that it serves as a crucial first line of defense against financial fraud. Regular monitoring allows individuals to detect unauthorized transactions or suspicious activities promptly, potentially preventing substantial financial losses. For instance, in countries like India and China, where digital payments are widespread, many consumers have avoided major fraud attempts through early detection enabled by credit monitoring services.
However, critics contend that credit monitoring creates undue anxiety and paranoia. They believe that basic security measures, such as strong passwords and careful handling of personal information, are sufficient. Furthermore, they argue that banks and financial institutions already have robust security systems in place, making additional monitoring redundant.
Nevertheless, I firmly believe that the benefits of credit monitoring far outweigh its potential drawbacks. The rising sophistication of cybercriminals and the increasing frequency of data breaches make it imperative for individuals to take proactive measures to protect their financial health. Moreover, credit monitoring provides valuable insights into one’s financial standing, enabling better financial decision-making.
In conclusion, while credit monitoring may cause some anxiety, its role in preventing financial fraud and maintaining financial well-being makes it an indispensable tool in today’s digital age.
Sample Essay 2 (Band 6.5)
These days, many people worry about financial fraud. Some think checking credit regularly is important, while others say it’s not needed. I will discuss both sides and give my view.
People who support credit monitoring have good reasons. They say it helps find problems quickly if someone steals their identity. For example, if strange purchases appear on their account, they can tell their bank fast. Also, it helps people know their financial situation better.
On the other hand, some people think it’s not necessary. They believe banks already protect their money well enough. They also say checking credit scores all the time makes people worry too much about money. Some think it wastes time that could be used for other things.
I think credit monitoring is important. Even though it might make some people nervous, it’s better to be safe. With more online shopping and banking happening now, we need to be careful with our money. Also, fixing problems early is easier than waiting until they become big problems.
In conclusion, while some people think credit monitoring isn’t needed, I believe it helps protect our money in today’s world. It’s better to be careful than sorry later.
Important Vocabulary:
- Financial fraud (n) /faɪˈnænʃəl frɔːd/ – deliberate deception for financial gain
- Credit monitoring (n) /ˈkredɪt ˈmɒnɪtərɪŋ/ – tracking credit report changes
- Cybercriminals (n) /ˈsaɪbəˌkrɪmɪnəlz/ – criminals who use technology
- Data breach (n) /ˈdeɪtə briːtʃ/ – unauthorized access to data
- Proactive measures (n) /prəʊˈæktɪv ˈmeʒəz/ – actions taken to prevent problems
- Unauthorized transactions (n) /ʌnˈɔːθəraɪzd trænˈzækʃənz/ – transactions made without permission
- Financial standing (n) /faɪˈnænʃəl ˈstændɪŋ/ – financial position or status
The two sample essays demonstrate different approaches and language proficiency levels. Practice writing your own response and share it in the comments for feedback. Consider these additional practice topics:
- The role of artificial intelligence in preventing financial fraud
- Government regulations in credit monitoring
- Personal responsibility in financial security
Remember to maintain a formal tone and support your arguments with relevant examples from your country’s context.
