Sunday, August 28, 2011

Target is Twittered about their insufferable 22.90% credit card interest rate.


Target has been twittered over their 22.90 percent interest rate credit card. I'll probably stop making my payments, even the minimum one, because the minimum payment results in a 150% interest rate, (15 dollars goes towards interest, 10 towards the principal).

(My message was deleted within minutes of being posted).

Even a 5 percent of the minimum monthly payment still results in a 60% interest rate. Target's credit card division is completely uncooperative, even when I mentioned a family related hardship that has directly affected my ability to take a conventional job, the best they were going to do was lower my monthly payment, BUT NOT the interest rate being charged.

Just what is the difference between a pick pocket who then gives away a small percentage of their take to the local church, and Target donating a small percentage of their profits to local foundations and schools after charging their customers 22.90 percent interest rate on their credit card.

Please, no lectures. This card has already been paid down a SIGNIFICANT AMOUNT, but now I need some cooperation from Target, and they are not budging, and neither am I.

Thursday, August 25, 2011

Welcome to Bank Protests dot com, have you considered a flash mob protest against the banks?

Hi, Bank Protests dot com will be a collective of videos of flash mob bank protests along with more conventional bank protests. In my opinion, High interest rate credit card debt is the SINGLE MOST DIVISIVE and DESTRUCTIVE financial product currently on the market.

After main street lost trillions of dollars in personal assets in 2008, the percentage of high interest credit card debt versus Main Street's REMAINING assets EXPLODED by 100% or MORE. Credit Card Interest rates should have been cut in half FOR ANY CUSTOMER THAT WAS COMMITTED TO PAYING DOWN THEIR CREDIT CARD DEBT.

If you plan on being a responsible credit card debt holder who wants to PAY DOWN your credit card debt, you HAVE the RIGHT to DEMAND and RECEIVE a LOWER INTEREST RATE without having to first default on your credit card.
The financial system in this country has constructed a credit rating system that punishes main street for asking for a lower credit card interest rate in exchange for paying down their credit card debt. The banks require that Main street must first DEFAULT, thereby ruining their credit score rating, before the banks will offer a lower interest rate.
The obscenity of banks forcing main street to proclaim that a borrower is scum before they can get a credit card interest rate reduction is outrageous.

The PRIMARY REASON Bank of America LOWERED THEIR INTEREST RATE on their credit card back in September of 2009 was because of the youtube protest video started two years ago by Ann Minch, called debtors revolt.

If you are paying more than 13 percent interest rate on any of your credit cards and you are trying to PAY DOWN your credit card debt, you are being financially sabotaged by the banks and you should consider demanding and protesting that your credit card interest rates are cut to no more than 13%.

Even if you are presently paying 13 percent interest on your credit card debt, and need an even lower interest rate to successfully PAY DOWN your credit card debt, the banks should be working with you, not against you.