Debtor's Revolt

  • A so-called "Debtor's Revolt" movement is being buoyed by Ann Minch, a California woman who took to YouTube to protest Bank of America's decision to more than double the interest rate on her credit card. After Minch voiced her concerns and frustrations in a YouTube video, saying she refused to make another payment until Bank of America agreed to work with her, the media took hold. Minch appeared on a number of national programs to tell her story. Within two weeks, Minch posted a second YouTube video with a status update: a Bank of America official had contacted her to negotiate a lower interest rate.http://www.youtube.com/watch?v=cNHd-GBZGQo

    Minch said in the follow-up YouTube video that a "Debtor's Revolt" website was in the works.http://www.youtube.com/watch?v=cNHd-GBZGQo

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