Maxed Out (2006) – documentary

Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders is an independent documentary film by James Scurlock that chronicles abusive practices in the credit card industry. The film got the Special Jury Prize award at the South by Southwest Film Festival. This film isn’t available online, but I would highly recommend renting a DVD. For those who have Netflix subscription, it is currently available for instant play free of charge. It’s not really about the current economic crisis, or the credit crunch, or the national debt. It’s more about such facts as that most of the profit for credit card companies comes in form of fees and interest from those who pay late, or even eventually can’t pay at all.

The following video is James Scurlock giving a talk at Google about his movie. That took place on April 23, 2007.

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2 Responses to “Maxed Out (2006) – documentary”

  1. Dmitriy Mayorov Says:

    From the nitpicker’s corner: late fees are not the main source of profit for the credit card companies. Interest is.

  2. Artem Boytsov Says:

    Thanks, I’ve corrected the post.


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