RED BLUFF, CA (YBH.ME) – Ann Minch of tiny Red Bluff, CA has made a pledge to stop paying her Bank of America credit card bill unless the interest rate is cut. Ms. Minch claims her rate has risen from 12.99% in January to a whopping 30% last month, all without a missed or late payment on her part.
Ms. Minch has made a YouTube video about this. So far 97,000 people have seen the video.
In the video Ms. Minch lambastes the banks and the federal government, for, in her opinion, destroying the middle class. Ms. Minch repeatedly refers to Bank of America CEO Ken Lewis as Ken Lay. Ken Lay was the chairman of scandal plagued energy trader Enron. Ken Lewis was ousted as Bank of America’s chairman in April although he remains the banking concerns CEO. Walter E. Massey now serves as Chairman of the Board at Bank of America.
Ms. Minch has been interviewed by The Huffington Post about her campaign. The ofttimes rabble-rousing website featured Ms. Minch’s story on its homepage today.
In a subsequent YouTube video, Ms. Minch lays out a four point war plan for beating the big banks. Among them, she implores people to close their accounts with the nation’s largest banks and to trust god. She also mentions that she has an upcoming interview with the Huffington Post, a reference to the piece currently running on the website.
Legally, when a rate is raised credit card issuers must give debtors an option of paying off their existing balances at the old rate if they agree to close the account once the balance is paid off. It is not known if Ms. Minch was given this option or chose not to use it.
Red Bluff, California is a small town on the I-5 corridor roughly 130 miles from the Oregon border. Ms. Minch states on her YouTube profile that she is “interested in current national and world affairs and how all of it correlates directly with end-time prophecy.”
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John Romano is the publisher and editor of Yes, But However!, a musician, a former political correspondent for BBC Radio London, and a serial web entrepreneur. Follow him on twitter: twitter.com/yesbuthowever or John Romano on Google+John Romano article archive.
