Maxed out Video Questions and Reflection

Name ______

Maxed Out Video Questions and Reflection

Questions

1. The gentleman who is sitting at a table in Las Vegas near the start of the video says that people always want ______.

2. How many credit card offers every year are sent out by credit card companies?

3. Over the last 5 years, credit card fees have gone up by what percentage?

4. The average American family pays how much per year in interest payments?

5. According to the video, what is one of the fastest growing industries on Wall Street?

6. In the old fashioned video, what are the 3 “c’s” of credit that are listed? 7. In what year did Mr. Durst create the national debt clock?

8. On average, for every $1.00 that is collected by the credit card companies in principal, how much is collected in interest and fees?

Reflections

1. What did you learn from watching the Maxed Out video as far as the dangers and responsibilities of using credit?

2. Do you think the government should have a role in regulating both who can get credit cards and what interest and fees consumers should pay?

3. What information surprised you most from the video? 4. Explain what your plan is at this point to build your credit without getting into financial trouble.