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  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. All posts are © 2005-2008, Free Money Finance.

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April 17, 2008

Debt Disease

Got this press release the other day:

Five students from across the United States – three from Ohio, one from Philadelphia and one from Michigan -- have been selected as the finalists in the Web-based video contest at www.KeepItInYourPants.org that offers a top prize of $5,000 for creating a public service announcement about the threat that “Debt Disease” poses to American consumers.

The winner of the contest will be named on April 23, 2008 at a red-carpet event in Charlotte, N.C. The first-place winner of the “Keep It In Your Pants” contest — which was open to students 14 years of age and older enrolled in middle school, junior high, high school, college, or graduate school — will receive a $5,000 scholarship for school-related expenses. 

The co-sponsors of the contest -– Service Employees International Union (SEIU) and the League of Young Voters (LYV) -- announced the following five finalists (in alphabetical order):

  • Nicholas Baker, of East Lansing, MI, a student at Michigan State University.  The video by Baker uses fast-moving graphics to illustrate the long-term consequences of debt disease.  You can see the video online here.
  • Angel Ho, of Philadelphia, PA, a student at the University of Pennsylvania.  The video by Ho shows a young man protecting himself by wrapping his credit cards – and his wallet – in condoms.  You can see the video online here.
  • Aimee Phillips, of Newark, OH, a student at Central Ohio Technical College. The video by Phillips is a 1950s-style flashback showing “Jimmy,” a student who graduates from high school and mistakenly thinks that being an adult means maxing out his credit card. You can see the video online here.
  • Leanna Pribonic, of Johnstown, OH, a student at Central Ohio Technical College.  The video by Pribonic features a testimonial from a distressed woman who confesses that she has no self control when it comes to her credit cards. You can see the video online here.
  • Jordan Unternaher, of Newark, Ohio, a student at Central Ohio Technical College.   The video by Unternaher focuses on locker room talk in which a young man share his problem and is told that abstinence is the only sure-fire cure for debt disease. You can see the video online here.

All five finalist videos can be reviewed here and the YouTube “Stop Debt Disease” channel.

I watched the videos and they're fairly entertaining. Stop by and check them out if you'd like some cute takes on "debt disease."

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Comments

That is awesome and hilarious. Good stuff.

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