Advanta
Interest rate scam

I popped my Advanta small company charge card bill in Jan and after eight weeks of normal, on time funds, my rate of interest was simply elevated from 7.99% to 25.8%. After I named and questioned why, they stated there have been no late payments, however the price increase was centered on "an elaborate method of the number of risk factors including credit rating, additional charge card payments, mortgages, auto loans, etc., which I had been a higher risk". They declined to inform me particularly what triggered me to become "high-risk".

I instantly checked my credit rating, that will be 777 - scored as "excellent" and merely a 2% chance. We've no auto loans, and also have settled the mortgage down entirely.

I believe this is just a regular tactic of Advantais, supplying a reduced "seriously" price after which increasing it, and contains nothing related to credit scores.

Based On many credit card sites, Advanta is extremely common... That we believe may alter when they proceed ecommerce training. Also bad, since I really preferred the organization, and that I are usually a faithful customer.

Company: Advanta
Country: USA
Site: advanta.com

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