Boston Legal v. credit card industry

ABC's primetime law drama, Boston Legal, took on the credit card industry during a dramatic December 13th episode. CreditBloggers.com posted about this passionate criticism the next day and we have been patiently waiting for the transcript to appear online ever since. It has finally arrived! Here's one particularly juicy excerpt:

While a swell guy like you doesn't want the public to know that of the thousands of industries tracked by the Better Business Bureau the credit card racket is number one in customer complaints. You don't want them to know that you deliberately target those who won't be able to pay off their debts. People you call, 'Revolvers'. People who see 'zero percent interest' in big blue print and don't know that with just one late payment you skyrocket their interest to thirty percent. That if they so much as inquire about leasing a car you raise their rates.

You don't want the public to know that while over seven million families have filed for bankruptcy in the last five years you got Congress to change the bankruptcy code to make it next to impossible for people to discharge credit card debt. You don't want people to know that the credit card industry is essentially a pack of hyenas crunching on the bones of the poor. Do you? 

Read the complete transcript of this Boston Legal episode in PDF format online here. If you are interested in what is being done to try to reform the credit industry, you can visit ConsumerUnion.org for more information.

Comments

[Patricia]

Allen Shore is a god!

[Getting Broker by the double-cycle]

Comments
Discover is one the worst offenders in the credit card market. Their nothing but vultures that get rich on people that can afford it the least.

One mistake and Discover turns into a black hole devowering all your money and never letting you get ahead. Interesting how middle class can move to poor because of one card... Gotta go, Discover is calling for the 15th time today.

[Mike]

Patricia is a dufus. Discover is the only company that agreed to work with me. I told them why I was behind, they sent me to a hardship department that lowered my payments, lowered my apr and stopped my fees. The problem with credit cards is that too few of us are taking responsibility for our stupid decisions to borrow so much money instead of living off of what we have.