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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.
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.
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:
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.
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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