Confessions of a Laid-off Lawyer

Just Your Average Joe Blogging Away His Debt—In One Year or Less

Archive for September 29th, 2009

Debtor’s Revolt

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Total Black: $66.62
Total Red: $230,649.18

Dealbreaker, a self-dubbed Wall Street tabloid, posted an article today titled “Bank of America Making Great Strides in Customer Satisfaction.”  It included a YouTube vlog by Ann Minch wherein she took Bank of America to task for its “usury and plunder.”  Minch claimed that Bank of America “jacked” her interest rate up to thirty percent despite having good credit and being under the limit.  In her vlog, Minch calls for a debtor’s revolt.  I’m all for it.  In What is This, Sarcasm? and On and On and On, I expressed my own frustration at Bank of America’s voodoo accounting practices.  The practices of personal banking and credit lenders have really gotten out of control.  Minch’s vlog and a comment posting a link to a newspaper article both show glimmers of hope that the banks are getting the message. Keep reading . . .