Advanta Bank
99% to 25.08%-no disclosure, no reason, Usury plain and simple

I'll add to the thousands of complaints on the internet about Advanta and it's CEO, Mr. Dennis Alter (215-657-4000) who jacked my rate for my business card from 8% to 25%-with no explaination OR warning.

I did call the phone number and asked for Mr. Alter, and ended up getting a return phone call from someone who claimed that it was changed because they felt certain things on my credit report warranted the increase-I have CreditKeeper, and went on line to check, my credit numbers average 750, considered EXCELLENT credit, NEVER late in over 360 consecutive months (that's correct, 30 YEARS) of credit history. I closed the account, transferred a little over $2000 to my checking account, went on line and paid the account off-I will not deal with aholes like this, ever.

I have been in business for 25 years, and there is NO reason for any so-called professional operation to act this way with good clients, and I will not EVER forget the treatment I received.

I have written to the Attorney General of Pennsylvania, various federal banking regulators, my state and federal legislators, and will continue to post on boards like this to voice my complaint about this completely unethical operation. I easily pay off the balance, but I can only imagine what this does to others who transferred large sums to this shilock operation and now cannot pay off the entire balance-they brag that they help small business, and I guess in this down economy, this is how they do it-by SCREWING small businesses.

Do yourself, (and everyone else on here) a favor, get mad and WRITE to your state's attorney general, federal banking regulators, legislators, and CALL Mr Alter (215-657-4000) and complain about how they are getting away with loan-sharking and bait-and-switch tactics.

Company: Advanta Bank
Country: USA
State: Pennsylvania
City: Philadelphia
Address: Market Street
Phone: 2156574000

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