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Woman calls for 'revolt' on credit card debtAnn Minch says she has been a Bank of America customer for 14 years, wasn't above the limit and hadn't missed a payment. Yet she says the bank increased her interest rate to 30 percent and refused to negotiate a better rate with her. "You are evil …," she said to Bank of America in a video posted last week on YouTube. "You have reaped ungodly profits in your behemoth casino scams then lost only to turn around and usurp the wealth of this great nation by the outright rape and pillage of middle-class Americans whose sweat and toil built it." Minch says she is staging a "debtor's revolt" and refuses to make payments unless the company returns her interest rate and monthly payments to the amount they were prior to the rate hike or offers her a "too-good-to-turn-down payment offer." Statements Minch released to the Huffington Post show that she had just under $6,000 in credit card debt on the Bank of America card. Still the interest rate hike caused her enough outrage to refuse to pay and to withdraw about $5,000 from Bank of America savings and checking accounts, according to the Huffington Post. Rising interest rates appear to be a significant cause of concern for many credit card holders. According a J.D. Power and Associates study which ranked credit card satisfaction, 20 percent of consumers said their interest rates had been raised since 2009 - up from the 10 percent who said the same the previous year.
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