I have had my Advanta card for about 10 years. Never missed a payment, excellent FICO, excellent credit. Went to make my end of August payment and found they jacked mhy interest rate from 10.05% to 30.05%. Claimed they sent an opt out letter. Never received it! Payment went up by 3 times and interest up by 5 times! Filed a complaint with the BBB and closed my account. Fortunately got back the excess interest. I am now working with an attorney, Alan Finkel, in Commack, NY to try and file a class action lawsuit against Advanta. I have seen over 200 victims of this same thing. 2 lawsuits have been filed and won already against Advanta in Philadelphia. If you have been ripped off in the same way, please contact me at [email protected] to join our class action lawsuit effort.
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