Californian Ann Minch has posted a video on YouTube aiming to ‘fire a shot across the bow’ of credit card companies charging outrageous interest. Minch claims Bank of America raised her interest rate to 30% even though she’s made her payments on time and is not behind.
Minch says she’s had a credit card with B of A for the past 14 years, so when she received a notice of the rate increase, she called to negotiate, to no avail. Deciding she’s had enough, Minch has taken to the Internet to give voice to the frustration that many feel over what they consider to be outrageous interest rates and consumer abuse.
The video posted five days ago and has received nearly 98,000 views.