Summary Of The Documentary 'Maxed Out'

In the documentary “Maxed Out” it followed several families financial troubles and heartbreak which resulted in three untimely suicides. Credit card companies are much like vultures, they prey on the “weak”. They prey on young college kids in need of financial help, and older people with mortgages. None of these people truly understood how important their credit was. They didn’t, at the time, know how dangerous credit cards can be.

As an american citizen I believe credit card companies should treat people with the utmost respect. When a consumer says they aren’t interested in buying into their credit schemes, they should leave them alone. Major businesses are none for harassing families tirelessly until consumers give in to their advances. On the other hand as consumers we must educate ourselves when getting involved when these major companies. Many times older people and college aged young adults agree to terms and conditions set by the company without fully understanding what they have gotten themselves into. Everyone must educate themselves about what credit is and how important it is.

After watching the documentary

When I am saving money I have to think about how much I willing to spend this month in order to save the gross amount of money. That is taking in account the money you would normally spend on extracurricular activities and determining what you can and cannot spend money on this month. Another important aspect is your credit card, and what you buy with it, and deciding if it’s worth the interest that comes along with it. When getting an auto loan you may think you're spending an easy $300 bucks a month on your car payment there’s an extra 5% added to the $300 called interest. Interest can turn your most inexpensive payment into the most expensive. so when i am budgeting my money for the month I try to live the most inexpensive way