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Summary Of The Documentary 'Maxed Out'

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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 …show more content…

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

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“There is nothing on this Earth more prized than friendship”- Thomas Aquinas. In the book, Peak, by Roland Smith readers are introduced to a boy named Peak who is a climber. Peak creates many new relationships with people while on Everest, but is still hanging on to a very important relationship. Peak becomes friends with this boy named Sun-jo, creates a stronger relationship with his father, and while he is on the mountain he misses his twin sisters more than anything else. Sun-jo is a Nepalese boy who is a descendant of a Sherpa.

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But, they won't be able to pay them back because of how much debt they have and they also didn't have a flow of income because they had lost their jobs. Document 8 describes an ad for a new boat that's very luxurious. It then goes on to explain how one may pay for a stock model for only ten thousand dollars. This ad hooked a lot of people due to the amount of installment buying that continued causing debt to follow many Americans. The number of consumers overbought the product and there weren't more boats to send out.

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Thus, it stands to reason that the article’s purpose is to support the argument that predatory lending practices are at fault for the debt young adults experience. Macias uses personal experience immediately peppering in researched data to support his findings and conclusions on how the credit card industry wholeheartedly takes advantage of young America. His article captures the reader’s focus by appealing to pathos and tugging at pity in the reciting of how Macias was taken advantage of by credit lenders. Carlos Macias’s argument for the debt accrued by college aged adults being the fault of the credit card companies themselves roots itself in his rhetoric. From his skillful hooking of the audience with information garnered from personal experience to the utilization of logos throughout the paper presenting itself as careful and reliable research.

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Many people did not save because they had jobs that paid little, and all the money they made barely made it so that they could pay all the needs they needed to live for. On document 2 (DBQ) it states that “a regular saving of fifteen dollars a month” can help you in the long run, “at the end of twenty

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Danny Schechter wrote Investigating the Nation’s Exploding Credit Squeeze, two years before the 2008 world crisis. It is said that only true crisis can lead to change, an explanation to why so many people ignored the signs. Everyone is a target to the credit industry, not only the poor or middle classes. In a consumption driven culture, it is impossible not to spend your money and get into debt. Products seem fairly cheap, companies are always suggesting that you are making “a great bargain”, “buy two and one free” and it seems that everything is always “on sale” (Schechter 357).

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By using personal credibility it could have given them more driving force on their side in which they can relate to the people with debt, which help the reader comprehend that they know what it feels like to be in their

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Buying products on credit soon became a norm throughout society, leading to massive amounts of debt. “Many merchants offered installment payment plans, enabling the average American to purchase goods, including cars, on credit. Thus, Americans could purchase the new appliances and conveniences

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The Credit Card Industry?s Role in Causing Student Debt, author, Carlos Macias, warns his audience that credit card companies will try anything and everything to get students to own a credit card from their company. Macias states that college students have a huge target on their back when it comes to credit

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