I was ripped off just like the rest of you good business card holders. They claim they sent me a notice on 8/13, that I never received that they were jacking my rate from 10.3% to 35%. I have an excellent credit record and excellent FICO. They claim due to the current market conditions (same for everyone) that I and all the other complaints I've read, no longer meet their lending criteria, so this gives them the right to change the rates to the default rate with no notice, even if you have not defaulted!
I am looking for other Advanta bank card holders like me to pull together members for a class action lawsuit against Advanta. We desperately need to sue them and put a stop to these unfair and probably illegal practices. Please contact me at [email protected] or [email protected] ASAP so we can get this pulled together. I have an attorney in New York (whom Advanta also screwed over) who is working on putting together a class action lawsuit against them.
Thanks much to all and I hope to hear from you soon, so we can give Advanta some good ole American justice that they have so blatantly earned.
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