Maxed Out: Credit Card Debt Mismanagement Documentary

If you want to watch a film on how one can easily be enslaved by his or her credit cards, Maxed Out is for you.

The film is the lively first feature from James D. Scurlock, a Benjamin Franklin Scholar at the University of Pennsylvania’s Wharton School, the oldest business school in America. He made the film to explain how the modern financial industry aggressively goes about its business, and why mounting debt is burdening more and more family budgets to the breaking point. The story couldn’t be more timely, as Wall Street reels from the meltdown of nationwide subprime lenders that provide mortgages to people with poor credit.

This film’s creator emphasized the predatory financial companies that offer products made to confuse consumers and make them remain drowning in debt forever. However, it’s not all about them lenders, of course, the gullibility and financial management ignorance of credit card users is also to blame.

via StarTribune