Well if you're reading my disgust towards this company Advanta (small business credit cards) its your first, one of many to come, or about your thousandth.
We all need to stand up against this. Class action suit. Who gets the ball rolling I'm not sure of.
If you're reading this and you have time call: 800-705-7255 and just keep complaining. Be rude if you have to from the start cause most likely you will get that. Someone telling you they sent you a letter about this increase. Right.
This company is in their own bail-out mode itself. Hoping this rate raise will:
1) Have people pay their enormous 25% interest rate.
2) If not, transfer to a new card (they get their money quickly)
3) Many from this increase without knowing put them over their limit? Another charge.
4) Pay their balance off and never use them again (money quickly back to them from this illegal practice).
This is outrageous. Everyone I have come across has the same story. Fine credit, fine credit score, paid on time 100%, never late, no major adjustments in their financial situation, paid more then the minimum payment, etc etc.
Why are we now treated like a bad credit holder?
Why lie and tell us you sent a letter. You know you did not.
You can now adjust thousands of small business owners APR's because of the term "ECONOMY"?
I already wrote them one letter about companies like them taking this country down. There must be action against this company.
I need to study my latest statement but it looks like some crazy extra finance charges were included. Probably cause they erased my promotional rates and charged me a fee that should not have been charged.
I'm just fed up and so are you probably if you're reading this.
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