New documentary about debt and credit cards
Date: Fri, 04/20/2007 - 09:15
I am deep in personal debt because of an expensive divorce last year. The problem is that once you're in debt, and even though you're paying everything on time, they "suddenly" increase your minimum payments and your apr.
So I was obviously curious when I heard about this new movie: Emmy Award winner Danny Schechter just released a new film called "In Debt We Trust". I saw the movie about a week ago and was so moved by it that I had to share it with everybody.
The film explains how credit cards and banks work and what techniques they use to pull us into a situation that is painful for us and profitable for them. But the most important thing I got out of this movie is that it wasn't my fault (well, at least not entirely).
Anyway, check it out at InDebtWeTrust.org
It doesn't offer any practical solutions, but it took away the negative feelings and the guilt so now I am in better position to deal with the whole thing.
So I was obviously curious when I heard about this new movie: Emmy Award winner Danny Schechter just released a new film called "In Debt We Trust". I saw the movie about a week ago and was so moved by it that I had to share it with everybody.
The film explains how credit cards and banks work and what techniques they use to pull us into a situation that is painful for us and profitable for them. But the most important thing I got out of this movie is that it wasn't my fault (well, at least not entirely).
Anyway, check it out at InDebtWeTrust.org
It doesn't offer any practical solutions, but it took away the negative feelings and the guilt so now I am in better position to deal with the whole thing.
I saw a very good one on PBS a couple of years ago as well. The
I saw a very good one on PBS a couple of years ago as well. They interviewed the consultant ("on condition we don't say where he lives") who came up with all the ideas of things like 0 or 4% interest for six months, pre-approved, etc. It also told of how all the credit card companies made a stampede to South Dakota (on invitation of that state's governor), because of its lax usery laws.
