While we don’t recommend doing this on a large scale, one woman’s YouTube debt revolt has succeeded. Ann MInch, a YouTube sensation and then-unemployed credit card rebel, has been offered a lower interest rate on her card.

A BoA executive contacted Minch to talk about her situation, her video, and her debts, and negotiated a 12.99% interest rate. The executive explained to her that her interest rate was hiked up to over 30% because of one missed payment. In 2008.

Interestingly, the bank has not asked her to stop her Internet activities or to take the video down. She plans further “debtors’ revolt” activities in the future, and hopes to help other Americans in similar situations. As banks tighten their lending standards and are generally more cautious, this is a good thing for all credit card customers to keep in mind.

Minch’s success came once she was able to make her case, rationally and calmly, to a person in a position of actual power. Minus the quarter million YouTube views, this is exactly what we encourage consumers who have been wronged to do. Don’t sit and refuse to pay back your debts – fight back.

PREVIOUSLY: Customer Tells Bank of America To Stick Her Debt “In Your Bailout Pipe And Smoke It”

DEBTORS UPDATE: BANK OF AMERICA RESPONDS!!! [YouTube]
Red Bluff woman prevails in bank protest [Record Searchlight] (Thanks, Joe!)

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