I would highly recommend this movie to high school seniors and college students and to those who are just considering their first loan or filling out their first credit card application. If you're going to dance with the devil, then you'd better know the steps better than he does.
Maxed Out
Here's the synopsis:
Maxed Out takes viewers on a journey deep inside the American style of debt, where things seem fine as long as the minimum monthly payment arrives on time. With coverage that spans from small American towns all the way to the White House, the film shows how the modern financial industry really works, explains the true definition of "preferred customer" and tells us why the poor are getting poorer while the rich keep getting richer. Hilarious, shocking and incisive, Maxed Out paints a picture of a national nightmare which is all too real for most of us.
To all those of you out there who are struggling right now just to make ends meet, who are overwhelmed with credit card debts you cannot pay for whatever reason, please know you are not alone.
Trust me.
2 comments:
There's been some media attention here in Sydney about 'predatory' lending -which is when money is lent to people who can't possibly met the required payments. Usually, the borrower ends up losing everything. Steps are being taken to make it illegal.
Also, here in Australia, xmas is the time when many people go crazy
with their credit cards and then regret it.
But on a cheerier note, merry xmas and a happy new year!.
DavidM
Merry Christmas to you too, David.
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