Advanta Bank
Advanta, Bait and switch. Raised rate from 2.99 to 28.00 for no reason
- 12-03-2008
- 5
I was also a victim of this highly unethical Bank that offers a low start rate, claiming it will last much longer and then raises the rate 10 fold. My initial rate was 2.99 and raised to 27.18. I have perfect credit and have never paid any payments late. I was told I had been pre notified by mail (never was) and had the option to opt out? Now I'm stuck with payments multiple times higher that initially promised. This is a great example of why banks cannot be trusted and should be highly regulated. I would advise to close any accounts with this company, payoff or transfer to another company.
Where is the Congressional action that had been promised for this blatant
consumer abuse?
Company: Advanta Bank
Country: USA
State: Utah
City: Salt Lake City
Phone: 8007057255
Site: advanta.com