I just finished watching Maxed Out. I have to say that it disgusted me to see the way that people, including myself, are treated by credit card companies. Even the government is corrupted by them. The movie states that MBNA was George W. Bush’s largest campaign contributor. It also states that MBNA is the second largest bank in the US. To think, that our president, who was bought by a credit card company, signed a bankruptcy bill that made it harder for working class citizens to discharge unpayable debts…. It just disgusts me.
I mean, people are at their wits end. It showed the families of three debtors who thought there was no other way out than suicide. (There is another way out, please call for help if you feel that there is no other option.) This 57 year old woman was facing foreclosure on her home because her husband passed away and she could no longer afford the mortgage payments. Another woman, who cosigned on a loan for her daughter, was labeled as deceased (after her daughter died) and was subject to being investigated by homeland security as a terrorist! I mean, COME ON PEOPLE!!!!!
We have the power to change this. We have the power to not be bound by these credit card companies. They are making their money off of us, low income people. (Yes, I fall into that category).
Don’t get me wrong, the documentary was great! It was well directed. I just am upset that the credit card industry would exploit consumers this way.