Maxed out

Maxed out is a documentary by James D. Scurlock on America's credit card debt.

On average, American has credit card balance over $9,000.

Half of credit card holders only made the minimum payment.

The 2005 bankruptcy reform bill was written by MBNA, one of the top credit card issuers.

On average, credit card debt at the bankruptcy proceeding is $1 in principle & $2 in interests and fees.

Credit card companies do issue credit cards to people who declared bankruptcy because they know that those people can't file for bankruptcy again for another 8 years.

Suze Orman has a deal with FICO's parent company and FICO is the preferred credit score in the consumer lending industry..

Although college students don't have much income, they can get credit cards easily. One student had 12 credit cards!

Collection agencies can call on your neighbors or anyone in order to hassle and embarrass you.

There are no laws to protect your financial privacy from business.

People today have less income to pay for necessities.

Also, one more debt ...

An American family's share of the federal debt is $90,000.

The federal government spends more on interest payments than on homeland security, education, & health care combined.