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Maxed Out

“Maxed Out” is an independent documentary presentation depicting the abuses and exploitation of the credit card industry, particularly during the time of social unrest in America.
America, which used to be known as one of the world’s wealthiest, was on the brink of an economic collapse. As the world economy was also failing, the government continued to rise in debt. The effects of this were felt even more after the devastation by Hurricane Katrina. When all this happened, America was forced to reasses its reality.
How were people owing more money while working three times as hard? The answer, it seems, lied in a little plastic convenience called the credit card.
Credit Card companies gave birth to modern financial institutions that used to be of big help to consumers. But as people spent more and more using their credit cards, it seems as though they are digging themselves deeper in debt.
“Maxed Out” explores into the effects of relying on credit card for spendings, and outlines the ways companies sucks you into using these more. It also shows a detailed view of the debt collection industry and the ways the government is correcting this.
please share:Published on October 27, 2009 · Filed under: Business, EconomyYou may be interested in:
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(6 votes, average: 4.33 out of 5)