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Old 03-06-2009, 03:51 PM
 
Location: Some place very cold
5,499 posts, read 21,709,581 times
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I'm watching this documentary this evening. Of course, I know a lot of this stuff, but to really get the full picture of how these credit card companies and banks are screwing us up the backside is really upsetting.

Has anyone else watched the movie? It's available on Netflix. I'm interested to hear your comments.

W.
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Old 03-06-2009, 06:09 PM
 
6,578 posts, read 24,436,393 times
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Yes, I saw it over a year ago. I liked, but don't remember a lot of it.
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Old 03-06-2009, 08:22 PM
 
Location: Where the sun likes to shine!!
20,544 posts, read 29,080,598 times
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While I think credit cards are terrible for so many people we do have a "choice". I choose not to use them and get into debt no matter "what" the credit cards offer me.
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Old 03-06-2009, 08:42 PM
 
Location: Some place very cold
5,499 posts, read 21,709,581 times
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Quote:
Originally Posted by younglisa7 View Post
While I think credit cards are terrible for so many people we do have a "choice". I choose not to use them and get into debt no matter "what" the credit cards offer me.
I use my credit card. It's handy for buying things, but I pay it off every month. I don't want to spend money on interest.

But the point is that these cc companies are unregulated and what they are doing to take advantage of people is insane.

Has anyone had to deal with Providian? I'm not sure I understand the entire story but check out this website:

Providian Financial Sucks - My own personal credit card nightmare
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Old 03-06-2009, 09:07 PM
 
Location: Some place very cold
5,499 posts, read 21,709,581 times
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Oh, my god, I've been reading the Providiots website (mentioned above) and it is hysterical. This guy has documented everything and recorded all the phone calls. The phone calls are classic.
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Old 03-07-2009, 08:24 AM
 
314 posts, read 639,643 times
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I saw that documentary....very informative!
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Old 03-07-2009, 02:15 PM
 
13,808 posts, read 25,718,164 times
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I bought it for $2 when Hollywood video closed our local store, which was cheaper than renting it .
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Old 03-07-2009, 06:55 PM
 
Location: Some place very cold
5,499 posts, read 21,709,581 times
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Quote:
Originally Posted by wheelsup View Post
I bought it for $2 when Hollywood video closed our local store, which was cheaper than renting it .
Good job, Wheels....
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Old 03-08-2009, 02:32 PM
 
Location: Atlanta
15 posts, read 50,764 times
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Maxed Out is jaw dropping and I really wish it would be shown in schools - high school and college.

Between the CRAs, CBs and the government - it cannot be stopped - UNLESS consumers wake up!
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Old 03-09-2009, 06:47 PM
 
901 posts, read 2,880,821 times
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I just finished watching "Maxed Out". It was definately interesting. I really felt bad for some of the people in the video. I still don't understand people spending so much on things that are not needed. Still, the industry definately needs to be regulated better.

I especially felt bad for the two mothers who lost their sons. I can't believe that CC companys prey on college students so much. I don't remember this when I was in college.
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