Viral: Bank of America, Ann Minch is not gonna take it any more!
I’m one of those weird people who pays my credit card off every month. I’ve got a pretty good credit score. Yet, last fall I received a letter from Citibank informing me that it would be raising the interest rate on my account because of “changing market conditions,” just weeks after the Bush Administration had convinced Congress to pass legislation bailing out the banks. Chase sent a letter soon thereafter doing the same. I was supremely annoyed and called and complained. Chase did nothing; Citibank gave me a 0% interest rate for six months in an attempt to mollify me.
Ann Minch of Red Bluff, California *does* carry a balance on her Bank of America credit card — and she has for several years. Apparently, Bluff has diligently paid the minimum balance on her several thousand dollar balance for years, even throwing in an extra $50 - $100 on occasion. And she claims that she has never missed a payment during her 14 years as a BofA customer. However, Bank of America, another recipient of the government’s bank bailout, repeatedly raised her interest rates — up to 30%. Check out Minch’s response below. This clip has gone viral and deservedly so.
How long is it going to take before the government forces these institutions — which are viable only because of huge infusions of tax dollars — to treat their customers with the respect and dignity they deserve? Have your rates been raised by bank bailout recipients? Or, has your bank done something to reward its customers for the federal lifeline, like suspending ATM fees? Let us know in the comments below.
For more, see Debtor’s Revolt @ Huffington Post
Related posts:
- Good Eats: Zingerman’s Roadhouse, regional comfort food goes upscale in Ann Arbor
- Good Eats: Veggie out at Ann Arbor’s Seva
-
On the Suze Orman show this weekend I watched this video of Ann Minch who refused to... Read Full Story » -
Debtors Revolt–Credit Card Banks Are Like A Bad Boyfriend – Time to Break Up! Tube. Duration... Read Full Story »
