Review: Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders

I recently watched a documentary named Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders. It's about the current state of the American economy, and how consumer debt plays a part in the economy. There were a couple of interesting points about credit card companies that stuck out:

• Why do credit card companies like people that have already declared bankruptcy?
1. They can't file for bankruptcy again
2. They have a taste for credit, in other words, they are willing to make minimum monthly payments forever
• True or false: Does the US Constitution protect your right to privacy, for example, preventing others from collecting or buying your credit history? This is a trick question. Yes, the Constitution protects you from the government's gathering of this type of information, but credit bureaus are not restricted and currently gather more information about you than you know.

If you get a chance, rent or borrow a copy of Maxed Out. It will change your perception of the credit card industry.