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

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

Book - 2007
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Baker & Taylor
Presents an unsettling profile of the present state of America's financial climate, which the author reveals to be marked by predatory corporate schemes, overwhelming levels of consumer debt, and questionable government practices.

Blackwell North Amer
Foreclosures are hitting record highs; Americans are declaring bankruptcy at rates ten times that during the Great Depression; more college students drop out because of debts than due to poor grades; reports of debtor suicides proliferate in the media. In other words, it's a great time to be in the banking business.
Combining facts with even more startling examinations of individuals, institutions, the government, and modern religion, James Scurlock separates the myths (there is "good debt" and "bad debt") from the harsh reality (corporations partner with colleges to target today's youth; credit reports are riddled with errors that will never be fixed; and death, for many of those in trouble, is the only way out).
At a time when the financial industry posts ever-higher profits even as its clients drown in the flood of easy credit, Scurlock exposes very real, potentially disastrous systems and policies that are consuming millions of Americans.

Baker
& Taylor

The award-winning documentary filmmaker of Maxed Out presents a lively and unsettling profile of the present state of America's financial climate, which the author reveals to be marked by predatory corporate schemes, overwhelming levels of consumer debt, and questionable government practices. 75,000 first printing.

Simon and Schuster
Foreclosures are hitting record highs; Americans are declaring bankruptcy at rates ten times that during the great Depression; more college students drop out because of debts than due to poor grades; reports of debtor suicides proliferate in the media. In other words, it's a great time to be in the banking business.

Maxed Out takes us on a road trip that is sometimes hysterical and often horrifying: from Las Vegas to the Bible Belt, from the backwoods to inner cities, where the world's largest financial giants troll for their next victims. Welcome to a country populated by debt pirates, corporate predators, human credit card billboards, debt evangelists, megamillion-dollar spec homes, and, of course, trillions of dollars of easy credit.

Combining startling facts with even more startling examinations of individuals, institutions, the government, and modern religion, James Scurlock separates the myths (there is "good debt" and "bad debt") from the harsh reality (corporations partner with colleges to target today's youth; credit reports are riddled with errors that will never be fixed; and death, for many of those in trouble, is the only way out).

At a time when the financial industry posts ever-higher profits even as its clients drown in the flood of easy credit, Scurlock exposes very real, potentially disastrous systems and policies that are consuming millions of Americans. Maxed Out takes readers on a wickedly smart and entertaining tour of what one interviewee calls "the last taboo."

Publisher: New York : Scribner, 2007
ISBN: 9781416532514
141653251X
Branch Call Number: 332.743 SCU
Characteristics: viii, 248 p. : ill. ; 24 cm

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TheresaAJ
Oct 01, 2015

This book is the companion to a documentary with the same name. Scurlock explores the world of easy credit and predatory lenders where those who pay their bills on time are considered "deadbeats". Personal stories plus statistics from the last 40 years show credit has progressed from "hard to get" to freely available to anyone. Scurlock also shares his personal story of briefly being a "chicken king" with his Boston Chicken franchise purchased with an inheritance in his early 20s. A book that was even more fascinating to read since it was published prior to the 2008 financial crisis (his predictions were right!).

l
linder55
Apr 04, 2012

Really frightening book. If you have ever had a credit card or a line of credit at the bank, you need to read this.

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