Dallas, TX, March 26, 2007 --(
PR.com)-- John Janney, President of the National Financial Awareness Network (NFAN) and author of How To Get Great Credit, is encouraging consumers to see Maxed Out, the newly released documentary about the devastating effects of debt. The film, Janney says, gives viewers an important snapshot of real-life problems caused by a system that shelters creditors while leaving every-day people with fewer and fewer protections.
NFAN sponsored an advanced screening of the film earlier this month and received a lot of great feedback on the film. Janney said the film had a “deep impact” on those who saw it.
“People emailed me after the film to tell me they are taking their whole family to see it when it is released,” Janney said. “When people leave the theater, they understand why this issue is so important and why we must become better educated about credit and debt.”
Janney echoes the calls of Harvard Law Professor Elizabeth Warren and others who say that placing tighter regulation on the lending industry is no different than requiring seatbelts in cars, warnings on cigarette packaging and other consumer protection laws.
Debt-related stress is a contributing factor to depression, domestic violence and even poor job performance. A healthy economy requires financially healthy consumers, and debt, Janney argues, is the financial junk food that is exploding consumers’ financial waistlines. By seeing the film, he hopes consumers will become more aware of debt’s impact on their personal finances as well as many other aspects of their lives.
“We must first understand the problem, and then we can work toward solving it,” Janney concludes.
About NFAN
The National Financial Awareness Network, Inc, is a financial literacy company that offers educational products and services related to personal finance, such as the popular Do-It-Yourself Debt Settlement Kit. The New York State Banking Department lists NFAN’s www.HelpForDebtors.com in their Financial Educational Resources Directory. For more information, please visit their website at www.nfan.com.
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