The Internet is loaded with turn-debt-into-wealth scams but here’s one that will actually make you money. Guaranteed.

Source: Mathew Gauvin/creditcardreform.org Last year's winning entry, by Mathew Gauvin.

Consumers Union, the publisher of Consumer Reports, is holding its second annual “Dangers of Debt” contest, offering $1,000 to the person who creates the best visual representation of the dangers of debt – be it a photograph, mixed media, digital image, etc.

It’s part of grassroots awareness campaign the group is launching to “stand up to the big banks, credit card companies, and the rest of the lending industry so that consumers don’t get trampled by unfair practices.”

Last year’s winning entry, by Mathew Gauvin, was a sketch of a collage graduate in a stockade made out of a credit card, with a ball and chain labeled “loan” around his foot. The name on the credit card is “Mr. Duped.”

Entries in this year’s contest include “Wipeout,” a guy surfing on a wave of dollars, “ready to wipe out at any moment,” by Shawn Mays, and “Bail Me Out,” a photo of a pickup truck with a sign on the back that says, “BAIL ME OUT, TOO,” by Jason Adams.

Some of them are real tear-jerkers, like “How Do You Choose,” a photo of an adorable kid in blue zip-up pajamas that says, “Choosing food, diapers or credit-card payments,”by Tami Farley.

Of course, this is the Internet, so there are a few kinky entries. “In Chains” is a photo of a woman in ripped lace shirt, with a noose around her neck, that says, “Bondage: I want to be free,” by Ginger Jordan. (If that’s your real name.)

The winner, whoever gets the most Internet votes, will win $1,000 and a free one-year subscription to Consumer Reports. Three runners-up will also receive a one-year subscription to the magazine. The contest ends Jan. 31 at 11:59 pm.

So what are you waiting for? Turn your debt into wealth — today!

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