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Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders (2006)
Monday, June 25, 2007 By Your-Rights.com
NEW INFO! This newly discovered information was published after the movie was released.
USA TODAY has reported that each and every American household owes a staggering HALF-MILLION dollars in debt! Read the article to learn more:
Rules 'hiding' TRILLIONS in American debt: Liability $516,348 per U.S. household
Visit the U.S. National Debt Clock to learn more about America's debt.
MAXED OUT is an EXCELLENT documentary movie EVERYONE should see!
The DVD includes these Special Features:
The Wise Use of Credit
What is a Credit Report
Bankruptcy: A Life Changing Experience (with Elizabeth Warren)
Dave Ramsey on Personal Responsibility - A bonus video which explains how you can get your debt under control. The DVD is worth getting just for this excellent information!
Americans for Fairness in Lending
Get Active: Tell Congress that DISCLOSURE IS NOT ENOUGH!
Americans for Fairness in Lending Says to Federal Reserve Board: Disclosure on Credit Cards is Not Enough
Telling bank robbers that they must write clearer notes in a larger typeface does not stop the theft. Read more (PDF)
MAXED OUT documentary movie description from Wikipedia:
Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders (2006) is an independent feature-length documentary film and book that chronicles abusive practices in the credit card industry. Written and directed by James Scurlock, the film and book use interviews with creditors, debtors, academics, and others to illustrate its story. The film premiered at the South by Southwest Film Festival in Austin, TX in 2006 where it claimed the Special Jury Prize. It went on to several film fests including Seattle, Full Frame Documentary, Maui, New Zealand, Milwaukee International, Woodstock, Bergen, Leeds International, Oxford and IDFA (Amsterdam) film festivals. It was released in movie theaters in select cities in the United States in March 2007 through Magnolia Pictures. The DVD was released nationally in June 7, 2007 in the joint effort Magnolia Pictures and Red Envelope Entertainment (a division of Netflix). The book Maxed Out is printed by Scribner, a division of Simon and Schuster.
Scurlock's purpose for the film and book was to raise awareness of how credit and lending issues are affecting society. The main premises of the documentary and book are that banks and other creditors deliberately market to people who are more likely to have problems paying and that the creditors benefit from connections to government, the debt collection industry, and from lawmaker apathy.
Plot summary of MAXED OUT from NetFlix.com: Investigating both the personal and the national debt owed by Americans, this thought-provoking documentary explores the staggering financial burden we live with every day and exposes how the contemporary financial industry is set up in ways that can harm unwitting customers. With both sobering facts and black humor, Maxed Out unveils the consequences of our debt addiction, including its contribution to the vanishing of the American middle class. Rent MAXED OUT from NetFlix today!
(It is highly suggest to rent movies from Netflix because they have a lot of excellent, hard to find documentaries.)
Plot summary of MAXED OUT from the Internet Movie Database (iMDb): "When Hurricane Katrina ravaged America's Gulf Coast, it laid bare an uncomfortable reality-America is not only far from the world's wealthiest nation; it is crumbling beneath a staggering burden of individual and government debt. Maxed Out takes us on a journey deep inside the American debt-style, where everything seems okay as long as the minimum monthly payment arrives on time. Sure, most of us may have that sinking feeling that something isn't quite right, but we're told not to worry. After all, there's always more credit! Maxed Out shows how the modern financial industry really works, explains the true definition of "preferred customer" and tells us why the poor are getting poorer and the rich getting richer. By turns hilarious and profoundly disturbing, Maxed Out paints a picture of a national nightmare which is all too real for most of us." Written by James Scurlock Tags: debt, documentary, movie, video
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