Recently I was made aware that my 7.9% interest rate was now 25%. I have always paid my bills on time and have never been late with this card or any of my financial obligations. Researching this I see there are many complaints about Advanta doing this to many consumers. This of course will hurt my credit score. Advanta said they sent a letter as if this justifies them being able to rip off the consumers.
Please get the word out about these fraudulent tactics by Advanta business card. If government really wanted to help our country stopping credit card companies like these would be a good start. God Bless America I love this country but it's a darn shame these companies can do this type of thievery to the consumers.
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