Run people’s interest rates up to over 25% and eventually one of them is going to snap. Meet Ann. She’s has a balance of several thousand dollars on her Bank of America credit card. The bank has raised the interest on the card to 25.49% from 12.99% and she feels like there’s only one thing she can do to take a stand against what she calls “usury.” She’s refusing to pay. She’s also asking other consumers to “search their own souls” and consider joining her in a “debtor’s revolt.”
