I liked this story about a woman who took on Bank of America after they increased her credit card rate to 30% after she was late on one payment in 2008 and a second in 2009. After she launched a widely distributed youtube video, Bank of America agreed to reduce her rate to 12.99%. It is a shame that consumers have to go to such lengths to get a favorable bank response. Here are the videos before and after the renegotiation:
- JSM
1 comment:
Ya thats True!!! Pepole pay fantastic Amount to credit card companies But many credit card companies slashing credit limits, rising interest rates and increasing fees.So You have to be very wise & careful while using credit card.
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