Actually I started this revolt but I love this debtor revolt video by Ann Minch. This is what all Americans who can afford to take a hit to their credit scores need to do!

The fact that banks are not lending is a real problem. And they, as Mrs Minch said, screwed up with easy credit which was undone by the fact that investors are not going to be burned by banks selling them risky securitized bonds based on credit card accounts. Anyway here is the video. Enjoy!

See also Bank-abuse.com and Rid-of-debt.com for further Reading.