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Title: Maxed Out
Author: James D. Scurlock
Narrator: James D. Scurlock
Format: Abridged
Length: 4 hrs and 59 mins
Language: English
Release date: 03-05-07
Publisher: Simon & Schuster Audio
Genres: Nonfiction, Economics
Summary:
Another profitable group can be found in and around our nation's universities, where credit-card issuers are forming "partnerships" with colleges: paying them millions of dollars for access to their students' personal information and essentially setting kids up for financial ruin.
Maxed Out examines an industry that thrives on making people fail, then pursues them relentlessly to death's door. The industry's frontier is called "debt buying" and it's a veritable Wild West in which young men are hoping to make vast fortunes off of the misery and misfortune of others. Their tool is a vast trove of personal information that can be bought for next to nothing - as well as intimidation, guilt, and fear.
By turns hilarious, fascinating, and deeply disturbing, Maxed Out is ultimately one observer's answer to the question, "Why can't we get out of debt?"
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