Beware: Diatribe (I just learned that word and found perfectly suitable for this context)

Just a minute while I step upon my soapbox.

After making minimum payments on her credit card for years Ann Minch still owes $5,943.34. She is furious because the company keeps raising her rates. A few questions for you Ann.

Do you understand that using a credit card is spending money you don’t have? Do you consider that wise? You you expect that by making minimum payments you will ever pay off your debt? Have you calculated how much you will actually pay for that $25 meal at Applebees after interest? Was it worth it?

Apparently out of anger she closed her accounts with Bank of America and withdrew $5,000 from savings. Here is an idea Ann, take that money and pay off your credit card and enjoy a good nights sleep. Yes I understand that 30% interest is a burden indeed, but a burden you brought upon yourself. A ridiculous interest rate does not release your obligation to pay the money you owe. And you aren’t the least bit noble in my book for “taking a stand” against credit card companies. I agree that they are making a hefty profit at the card owners expense, but the card owner became a card owner and accumulated debt of their own accord.

From an article about Ann, who is getting a great deal of attention over her stubborn belligerence:

Minch calls the credit card companies “evil, thieving *blank*,” which, she says, “have reaped ungodly profits in your behemoth casino scams, then lost — only to turn around and usurp the wealth of this great nation by the outright rape and pillage of middle-class Americans whose sweat and toil built it.” She adds, “Every last one of you should be rotting in prison.”

Huh. What irritates me most is that she represents a group of people without an ounce of common sense who have never, by their own fault or maybe not, bothered to be educated about credit and financial management. The same type of people Richard would cringe about because they spent hundreds of dollars a year on overdraft fees. Typically I just shrug and let it be, but when someone is making a fuss like this it is difficult not to be frustrated.

You can watch her YouTube video here, but be prepared to be annoyed.

6 thoughts on “Beware: Diatribe (I just learned that word and found perfectly suitable for this context)

  1. Oooh! I love it! Then they can contact some company that will help them LOWER their balances or FORGIVE the debt. Excuse me? You are spending money you don't have. Don't do that. Those of us who are responsible credit users end up paying for those of you who aren't!

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  2. As a person trying to pay off my credit card debt, I can understand her frustration. However, I don't agree with her decision or ignorance. At one time I had all but a small portion of my debt paid off, only to be faced with a huge medical crisis to bring it back up to an amount seeming too ridiculous to ever bring down. Despite what brings a person to have credit card debt (for some of us, issues beyond our control), it is still our responsibility to pay that debt off. I don't expect someone to come give me a break just because I've been a loyal customer. Therefore, I have set goals and sacrifices and watch as my balance decreases gradually. We can all do it with discipline and HONESTY!

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  3. Don't even get me started on this topic. Spend a day where I work and you will totally understand. Brent is furious cause all the people that aren't responsible are getting all of these cut backs but what about us? We are responsible we live within our means we carry no debt…we get a pat on the back.

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