In Debt We Trust Summary

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In the documentary In Debt We Trust, one of the obstacles that is preventing poor people from getting out of debt is that these low-income people don't have access to bank services and they have to appeal to private money lenders who charge them outrageous high-interest rates for services such as payday loans, rent-to-own, check-cashing or tax-rebate. On the other hand, a very negative trend that took over today's society is that other socio-economic segments are being constantly persuaded with emails or direct banking mail offering easy credits and loans that require little or no money up front and which more than one ended up signing up for. TV/Internet advertising encouraging consumption of a large choice of products which results in overspending

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