Proverbs 22:7 The rich ruleth over the poor, and the borrower is servant to the lender.

Romans 13:8 Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.

Swamped with Credit Card debt? It Wasn't an Accident!

Guess who the biggest campaign contributor to George W. Bush is?

MNBA -- a big credit card company

MBNA wrote the legislation that radically changed the bankruptcy laws in the US

Credit card companies engage in a practice known as "Preditory Lending." This used to be the province of criminal loan sharks but now is the norm in the lending industry in the US. The movie "Maxed Out" discusses how the credit card industry builds their wealth by purposely creating a situation where people will be indebted to them for life.

Watch the following videos found on Google and YouTube and see, if after watching them, if you're not horrified like I was.

Predatory Lending

Interview with the Film Maker

The Movie - Maxed Out

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