Ann Minch To Chase Bank: "Are You Stupid?" (VIDEO)

Ann Minch has a question for Chase Bank after it raised the interest rate on her credit card to 21.24 percent.

"Are you stupid? Chase Bank, are you stupid?"

The 46-year-old Red Bluff, Calif. woman is offended that Chase would dare insult the leader of the YouTube-based "debtors' revolt" movement with such a big rate hike. The Huffington Post first reported on her battle with Bank of America, in which her public refusal to pay off a similar credit card debt resulted in a reduced interest rate. The victory spawned dozens of imitators, media attention, and even the admiration of personal finance guru Suze Orman.

In her latest video, Minch acts the savvy consumer and calls up Chase to reject the rate hike and close down the $3,554 account.

"Does my name sound familiar to you?" asked Minch. "Have you heard of the debtors' revolt?"

The call-taker had not.

Watch:

Comments

[Wendyef]

I have had several banks in my life, and have been fairly satisfied until Chase. Chase is the most corrupt and unethical bank ever. They rearranged the sequence of my debit transactions to give themselves the most fees. Instead of going by the order of the debit transactions, which should have only caused 1 overdraft, they put the last transaction first, which caused me to have 3 overdrafts. They told me they can do this, that it is their decision on how to put through the transactions and that it does not matter what order they actually came through. Anything they can do to rip people off. They are thieves and they are an example of what is wrong with this country.

[pychicfakes]

Okay I am all for the revolution. However, please don't direct this at the poor people that work in the customer service call centers or the bank tellers. We make NO money 25,000.00 year THAT'S IT. We hear your pain but at the call and banking centers there is nothing that WE CAN DO ABOUT IT!!!! SO STOP CALLING !!! If want to revolt go to the corporate offices and do it there with the cameras rolling get in THERE faces. Calling us will do no good in the long run...

[sloppybear16]

Thats great that people are revolting over usury rates from banks but people seem to be forgetting about the Fed and its continued war against the value of our dollar. credit card rates are a small issue compared to the inflationary policies of the Fed and the reckless deficits pursued by the past two administrations.

[rrrrrddddd]

See http://www.bankonyourself.com/

[jsijason]

"Tell yo friends about me!"

[fitzag]

People should boycott these bank by taking there money out of them and going to smaller banks in the communitys they live in.This is never going to end till people stand together on these issues.
They love to keep us divided because then they can do the what ever the hell they want.
We are responsable by not voting the right people in and letting these people run the country any way they see fitted.
W got congress men and women and senators who let companies though deregulation the rules that kept them under controll and in return they get a kick back from them.They don't get millions from we the people so they don't give a dam what you think about it.
The billionares run this country and own the government and as the saying goes there laughing all the way to the bank.
So 2010 election get out a vote for the third party candiate or someone who has been in for 20 years or more.Need younger and fresh face time to get rid of the old dogs.
In 2012 vote for a differant president if you don't like this one.

[Cryostatic]

I don't see the problem. Chase is being wholly reasonable, here. They're giving the option to have NO increase in rates whatsoever, and in return, the account will be closed to future purchases. When you can obtain $3500 in credit at no cost of interest, I don't see anything to complain about.

They're not even demanding the the credit line be paid off in full, you can continue to pay it off as you normally would. Interest free, which actually means that Chase is eating the losses for processing, ect. No creditor in their right minds would give free credit away at a loss.

Your "debtor's revolt" sounds more like you're mad that you're losing access to build further debt on your interest-free line of credit than righteous anger at being cheated.

[Cryostatic]

Ok, the bank is screwing you over. We get it. Join the club, we have cupcakes.

"Don't you know who I am?"

Just what the world needs. Another Youtube narcissist.

[blackjack19]

Exactly, she sounds like a tool. I think the credit card companies are sleazy, but she's annoying.

[AoC]

I had 2 weeks ago received a letter from a card issuer jumping my interest rate to over 25%. I called to ask about this and was told .paraphrase. "that it is something all banks were doing."

I cancelled the card that moment. I owe a couple of hundred on it but that will be paid off next pay period...

However, the most troubling aspect of this is that I was told by informed people who did this in the past that because I was the one who initiated the cancel that "my" credit report score will drop several points as a result. Yet they can and do cancel accounts at the drop of a hat. I had one company cancel me because I hadnt used their card in 6 months.

These banks r.ape us not once but repeatedly. Most often with the sandy vasoline.

[redraspberry]

Your credit scores is bad if you carry too much debt, or if you have too many cards and don't use them, or if you have had too many cards, now if you cancel because the change the rules. The Credit Score ranking is another banking torture tool.

[slugworth]

Not true. Your credit score is negatively impacted if the bank cancels the line of credit. NOT if you cancel it.

[slugworth]

I should add, I have a credit score over 800 and have worked at various financial institutions. No, I'm not rich, and my wife will tell you I'm definitely not frugal. Just know how to work the credit game.

[snowjob]

We quit paying our credit cards a while back. When trying to deal with them, we explained that a lay off happened. The agent told us that we could pay a lower monthly payment. We agreed to $90 a month. So we paid the $90 and on the next statement $75 went to fees and $15 went to the Principal . We have not made another payment. Than we sent this complaint to our States Attorney Generals office. We told her that we thought loan sharking was illegal in this country. She tried to contact the bank 3 times with no responce. So thank you Ann Minch, we will be joining you too.

[Tierra]

I quit paying on my credit cards, and went to a cash economy.

I am challenging Capital One, which raised my interest rate from 6 to 18 and now 30 per cent, unwarranted and unfair. Every single one of my payments were on time, at least the minimum, and usually with paydown.

I am challenging them as a breach of contract, using the doctrine of " good faith " and " unjust enrichment".

I am challenging Capital One to pony up the paperwork, and all the transactions for a forensic audit.

They have already ruined my credit, defamed my character, and tried to steal my money.

Possession is nine-tenths of the law. I quit paying, and we'll see where this goes.

I've HAD ENOUGH, AND I'M NOT GOING TO TAKE IT ANYMORE.

[shivers]

all you "cash is king" jackasses

this isn't about borrowing beyond one's means. this is about an industry that is essentially like the mob.
No other industry can the terms of a written agreement be so blatantly disregarded through change.

It would be like a doctor, midstream, saying "yeah, well, I think I better charge you more because I feel like it. You can certainly walk away if you want and take your unattached arm elsewhere"

dumb dumbs, our government gives these companies loans at zero percent. that is a give away.

[Lemmy]

If you dance with the devil . .

Two fundamental facts about credit cards that even chimps understand: They charge exorbitant rates They can change them at any time. Why did this woman carry a balance on her credit cards? What did she buy? Personal responsibility is fundamental.

[topguide]

no one cares who you are.

you borrowed money, now pay it back

[Lemmy]

Amen!!!!!

[EdWhite1]

But she shouldnt be expected to pay it back at an inflated rate over what she borrowed it at in the first place just because the bank felt like making more profit this quarter.
Pay it down at the original rate and then cut up the card.

[John63116]

"Don't you know who I am?" She sounds pretty full of herself. Yes, I applaud her work, but she's just a gnat on their butts.

[Bensonhoist]

21%? Is that all? HSBC charged me 38%! HSBC is beyond stupid. It's as evil as Shylock!