YouTube rant results in lower interest rate
Wednesday, September 30, 2009 01:35 PM
While it may not be as advisable as other credit card debt solutions like a credit counseling service, one woman's YouTube rant aimed at Bank of America has resulted in having her interest rate reduced.Earlier this month, California resident Ann Minch posted a video on YouTube after she said Bank of America had raised her interest rate to 30 percent despite making payments on time and staying below her credit limit.
After being a customer of Bank of America for 14 years, Minch said she was withdrawing all her money from her Bank of America accounts and refused to make payments to her credit card unless the company returned her interest rate to its previous amount and presented her with a "too-good-to-turn-down payment offer."
It turns out that the video actually worked. Less than two weeks later, Minch went back to YouTube to report that Bank of America contacted her and agreed to return her interest rate to its previous level of 12.99 percent. However, she also noted that her most recent balance shows an interest rate of 23.99 percent.
Recent News Articles
- Mortgage applications survey finds that fewer consumers willing to incur housing-related debt
- Government moves to broaden options for legitimate debt resolution options, stop scammers
- Revolving consumer credit falls, but overall numbers are up
- Report: Consumer attempts to reduce debt could be hampering economic recovery
- Report: Treasury Secretary warns world leaders that U.S. consumers look to reduce debt
Debt News Categories
About Debtmerica
Debtmerica is a leading debt settlement company that offers assistance to individuals and families who are experiencing financial difficulties and hardship.
We specialize in negotiated debt settlement to assist clients by reducing debt balances while providing an affordable monthly payment.
Our professional and knowledgeable staff has helped thousands of consumers get back on their feet financially.
Achievements
|
Debtmerica has had one vision since inception - to help Americans nationwide attain financial independence. At Debtmerica, we're proud of our achievements and honors. They represent our commitment to our vision and clients. |
|
|
|
|
A Secure & Trusted Site
|
Debtmerica is committed to providing a safe and secure site that you can trust. |
 |
|
 |