Maxed Out Now On DVD
The Maxed Out credit industry documentary hit DVD Tuesday.
The film interviews the victims of predatory lending practices, (not to mention their own greed, and ignorance), as well as the perps.
Reader Nick says, "...it is very good. Everything they say in there is true and its very eye-opening to anyone who thinks that "a little" credit card debt isn't a bad thing."
Move it to the top of the queue. — BEN POPKEN
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Comments:
Ok, these comment system updates are not so cool. Anyways, just hoping it doesnt take the tack that the evilness of CC companies trumps personal responsibility..
Credit cards are NOT 100% evil if you're not an idiot about them. There's nothing wrong with credit; just abuse of credit - on BOTH sides of the equation.
I got it from NetFlix earlier this week and watched it Tuesday night. It is an excellent, and at the same time, depressing movie.
It is a must-see for people with kids going to college - they should watch it with their kids to pound in the reality of having credit cards when you make little to no money (college students)...
Maxed Out is good documentary flick. For those of you who are Netflix subcribers this film is also available as a watch-now movie.
In addition to being available to rent on DVD at Netflix, it's also available as a Watch Now title:
Joel
I just saw this movie last night (via Netflix). On the whole pretty good, but a number of people they showed made stupid purchases/decisions that no one forced on them. I guess I don't have too much sympathy for those types.
For example, that dude who bough some kind of electronic ab sculptor. I mean come on, that is so retarded it's not even funny.
Or the woman in Half Moon Bay, CA who said in the movie "well if the credit companies think I can make the loan payments, maybe I can". WTF!
@The Nature Boy: In my 20s, I accumulated 7k in CC debt, which I thought was excessive and scary once I finally added it all up. Using multiple cards while not keeping track of the totals and having no one scolding you makes it real easy to get in deep. Nowadays I am debt-free and learned that 7k is merely average. It's all about whether your debt is rising or falling, and how it compares to your income.
You have to watch this PBS Frontline special on credit cards. I'm sure it's not as entertaining as the movie but has a lot of facts and you learn a lot of interesting things, e.g., you get to meet the guy who invented the minimum payment and 0% APR for the first year.
I'm a big fan of documentaries, but I didn't care for Maxed Out very much. It was sort of rambling and incoherent, and focused way too much on making emotional arguments ("Oh, my poor baby killed himself because he was in debt!") than actually describing much about the evils of the predatory lending industry. And some of those supposed "victims" were just morons.
I second workandrent's recommendations of Who Killed the Electric Car? and The Corporation. They were both much better, IMHO, than Maxed Out.
@FLConsumer: You might as well have just handed out a golden invitation.
Anyway, to InsideRedBox and off to McDonalds...









I saw this at a film festival last fall and yes, it's very good. It's pretty much the 'Super Size Me' of the credit card world.