Ann Minch, who singlehandedly started a "debtor's revolt" within the last couple of weeks, after seeing huge increases in her credit card interest rate, has declared victory. In a follow up post on YouTube, Minch stated that Bank of America has agreed to reduce her rate.It appears that BofA decided to negotiate with Minch after publicity of her YouTube video, in which Minch stated she had decided to "take a stand against the banksters' usury and greed," went viral. In her new video, Minch... Full Story

The mortgage meltdown was bad enough, but a credit card debt meltdown has been forecast by some analysts. It doesn't help when creditors arbitrarily raise interest rates, and that's what's happening here.The Debtor's Revolt Starts Here, says a YouTube video posted on Sept. 8th, but just gaining media coverage today. Ann Minch of Red Bluff, CA pleads her case. Minch has been making minimum payments to her Bank of America credit card for years. Granted, that's not a good thing, but it's worse if... Full Story