Sunday, October 31, 2010

Maxed Out

Maxed Out is a documentary about the abusive practices of the credit card industry. It was created by James Scurlock.

Dave Ramsey was interviewed for the documentary. I first heard of him through Financial Peace University, his bible-based training in practical finance. Several people I know have taken this course and have nothing but great things to say about it.

Since this documentary was created in 2006, there have been many opportunities for reform. Indeed, there was great victory last year when the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 was passed. There are numerous protections in there that will benefit every one of us. I am glad that we live in a country that is not (completely) corrupt :)

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