Victory! “Debtor’s Revolt” – Ann Minch Triumphs In Credit Card Fight Via Youtube

Ann Minch

Ann Minch

HuffingtonPost/Arthur Delaney—Two weeks ago, Ann Minch of Red Bluff, Calif. announced in a YouTube video that she’d launched a one-woman “Debtors’ Revolt” and would refuse to pay off her credit card balance after an unfair interest-rate hike. Now, after her video made a huge splash, Bank of America has agreed to reduce her rate.

Minch said in a video posted Saturday that a Bank of America executive contacted her on Friday.

“He asked me to talk a little about my personal financial situation so we can negotiate some kind of agreement in regard to my existing credit card account,” she said. The executive “tried to get me to agree to 16.99 percent and I said, ‘No, nope, I believe because you guys are getting your money from the Fed at zero percent interest… that 12.99 percent is a more than generous profit margin for you guys.’ So he did finally agree to that and he also agreed to send me that in writing.”

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Watch Ms. Minch talk about her victory…

6 Comments

Filed under Bailout, Banking, Capitalism, Economy, Money, Uncategorized

6 responses to “Victory! “Debtor’s Revolt” – Ann Minch Triumphs In Credit Card Fight Via Youtube

  1. Bless you, Ann Minch, for your courage and good judgement. If you need any help, please do let me know. Many of us are in the same boat, and support your endeavors. Please continue the good fight. Again, thank you for speaking out against unfair practices. Let’s put an end to all the usury. Sincerely, Julie Annarella, (Mrs.)
    23, September, 2009.

    • audiegrl

      Welcome Julie 🙂

      I agree with you, it took guts to stand up like she did. Ann is my hero. Its amazing when the media starts telling what the banks are doing to everyday people, then all of a sudden Bank of America grows a conscience.

      I was encouraged by Ann’s campaign a week ago, and used her example to complain to my own bank about charges that were unfair. Guess what? It worked, they reversed the charge.

      Now we know why the comedian Bill Mahar always calls them “Skank of America”. 😉

  2. Dona Hannigan

    Please contact me, I have questions regarding B of A as I have had a situation like yours. Also, I would like to be a friend on facebook. You are very brave and I could use some suggestions concerning my B of A problem.
    Thank you,
    Dona Prats Hannigan
    Newport Beach

  3. Nancy Rue

    Ms. Minch, I would love to know what your debt to earnings ratio is. I bet that you have just been paying the min each month and now you are in way over your head. If your interest rate was 4% how long would it take you to pay off your credit debt with Bank of America? My advice is don’t spend what you don’t have.

  4. Good for her. The revolution is being televised.

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