Forum Post: December 11 2011 is the Balance Transfer Day
Posted 12 years ago on Nov. 7, 2011, 8:36 a.m. EST by studentrallynyc
(29)
This content is user submitted and not an official statement
http://www.facebook.com/balancetransferday
Make your voice heard across the Nation on December 11 2011
Balance Transfer Day
The idea is very simple. Banks lure customers with zero interest rates on credit cards. They play with our feelings hoping that we'll lend lots of money (currently 14 trillion to be exact), under these favorable conditions, and than, when the promotional rate is over, banks jack up costs up to 29% of the amount you owe. Yet banks get their own money from Federal Reserve, sometimes, at 0%. (Think 2008, think taxpayer money) So what we propose is simple and very effective. On December 11 2011 all people who have high interest rates should go online and apply to transfer their debt from a high interest rate credit card into a zero interest rate credit card. In this unanimous move we will cut off the source of high interest profits, and send a clear message - No More High Interest Rates! Find out more. #Balance Transfer Day!
Good. Well done. I keep trying to point out that banks without our money are just a bunch of fat drunks without a party to attend.