This has TREND written all over it. People complaining in public on You Tube. It should spark more and more of these vids. Let them come!! What is interesting to me, as this video makes the rounds, are the a-holes who defend this and other usurious banks. I bank with a good honest bank and know the difference. Apparently the public doesn’t.
It should be noted that when the Bank saw the video, the PR mechanism went to work to get this woman her old interest rate back. This means the only way to get their attention is via public out-cry.
I deal not with banks.
I give nor take any credit.
I guarantee each of you I have more money in my pocket, at any time.
YOU need credit to survive.
Sad, really, but it’s your lot.
[sarcasm] She appeared on Fox, so this must be false, right? [/sarcasm]
#9 What part of not being behind on her payments didn’t you get?
#23 I agree with you here. I also agree with the girl that also a tax revolt should go on. I wait you on that one, for sure you’ll be there too.
#27 Good thing that the cost of running a bad company to the ground was spared by the bailout, huh!
#28 In what part of that contract was it written that when a bank is about to fail out of sheer incompetence, they should be bailed out? I missed that one.
So is her goal to get hits to her new web site. Or help the consumer ? Sounds like she better get a good lawyer before telling people how to not pay their taxes. I call this half spam, half I want attention on You Tube.
FIA Card services, a BofA company, once charged me $39 for going $12 over my limit. That is weird. Sorry you went over your limit, now we will make the situation even worse.
I had been using the card to cover a cash flow problem. It was flowing out way faster than it was flowing in. Due to a late payment or 3 they also ran my rate up to 27%.
I did the second worst thing you can do to a credit card company. I paid them off. Now they send cash advance checks every month or so begging me to be in debt.
I do enjoy talking to their telemarketers. Although they haven’t called lately. I may have been labeled a malcontent.
there is a solution to this..
You can CALL them and demand they QUIT.
You tell them to CLOSE the account and LEAVE it at the OLD rate. Yes they have to.
Also Im waiting for someone to READ the EULA.
YOU SIGNED a contract. WHEN are they going to LIVE BY IT? 9% over the FED?? HA!
After you QUIT the card, GET another one. WITH LOWER INTEREST.
Saying “credit is the cornerstone of our economy” is about like saying “crack cocaine is the cornerstone of our economy.”
“Credit” is the cornerstone for INVESTMENTS, not “I want it now consumerism.”
To me, the revolt being generated is (should be) against our lame-ass government that has rescinded all the consumer protection laws from years ago==just like they did Glas-Stegal all coming to a head now.
No one is in jail. No changes to the law.
The Bubble is Rebuilding.
Bank with a Credit Union and You WONT get screwed!!!
If you have a credit card and the Banks suddenly upon thier own whim decide to hike the interest rates (especially in an environment of relatively low prime rates) their has to to be something immoral and illeagle about this activity… I say again the bankers are all Wankers!!!! I saw aniother individual yesterday on Fox that was complaining about sudden Increase to 29.9%… if this is accepted then 40% wil be next… time to chaneg the way America does business!!! I for one am doing my best to have no more credit ever again, no matter how much it hurts… I have beeen rid of my credit cards… If more folks do the same, the Ameican model of credit will change!!! Stuff the wankers…
The ultimate free market response is to close your accounts and move your money to a nonprofit credit union.
Reward good financial institutions, punish bad ones.
#13 This is new media, and completely competes with the old media and old capitalism. By old capitalism I mean the idea that “she should pack up her money and go elsewhere. That’s the way the market works.” Actually, that’s the way the old market worked.
The new market means you go in and change the market, and you set the rules. New media (low cost of entry, free distribution, etc) means you’re a lot more powerful than you think. It’s like your transition from old print media to your current self defined media.
Well actually you have your feet planted on both sides – because you use new media to make your brand more powerful in the old world. If this woman or anyone else wants to make this work they need to learn a few lessons from you. It strikes me that you:
You kept your core brand – didn’t really change your basic appeal
You made mistakes – old media types are afraid to make mistakes
You are transparent – new media hates fake, people aren’t stupid
You used the most effective channel at the time but kept finding new ones – YouTube is great for human appeal, but that could change tomorrow
You brought people into the fold – this type of approach only works if people follow (clicks, links, twitter, etc)
This woman has a point of being mad at B of A. As for her scheme she has to be the stupidest person alive. Just pay off the freaking card and be done with them. That’s what I did and I don’t regret it one bit. I’m not SLAVE to the LENDER. This woman by refusing to pay anything is being a deadbeat, good for nothing pain in the butt.
# 42: “In what part of that contract was it written that when a bank is about to fail out of sheer incompetence, they should be bailed out?”
I’m sorry — your comment makes no sense. But please do try again.
Beautiful! That is a woman with BALLS I’d say. I really hope that this will start off a revolution against the cozy couple, The Fed and G.Sachs and their cronies… a bunch of useless politicians included.
Banks and credit are as old as money itself, and you can’t have one without the other, and as it’s a necessity it needs to be regulated and audited by the government. So fix it or frag it.
OTH what I find compelling is the use of youtube for personal empowerment. I’ve been wondering how long it would take someone to figure this one out. They were smart to negotiate quickly with her. But I’m certain we’ll be seeing similar cases un the future.
#30 – MikeN – If her credit is so good, better yet, borrow from a bank and pay off the bill.
Exactly. She’s just another gullible idiot who lived well beyond her means.
#51 Ok, I’ll try again. You’re wrong! Short enough for ya to understand?
I did business with them for years. They raised my interest rate. I canceled them. I have moved on.
This should be required in every school. Call it a self defense course.
frontline: secret history of the credit card PBS
http://pbs.org/wgbh/pages/frontline/shows/credit/
I agree with the sentiment.. the bans are ripping people off by raising rates and fees.
That being said, if you sign a bad contract, you have to live by it. If you don;t like BofA, find a credit union. If you can’t find card you like, don’t use one for day to day purchases, but only for the things you need to, like rental cars, etc.
I use credit cards for almost every thing, but I would NEVER carry a balance because I know it would make me vulnerable to thier ripoffs.
Coincidentally, I just got a call from citibank saying that, because they reissued our cards due the THEIR fraud prevention, and I didn’t change one of my payments to the new account number, that I had to pay a big fee. This is total bullshit and gooing the teh state AG’s consumer protection unit.
I quit those BofA money grubbing, nickle & dimeing bozos 48 years ago.I don’t do banks
well. I moved to a credit union and never
regretted it for a moment.
may as well get to the classic ending of the debate: