I've been in the financial industry for 15 years. What the average comsumer does not realize is that a credit card account is an unsecured loan. The financial institution does not have any thing to reposess, i.E. Car, furniture, house, etc. When a bank reviews you rates it also looks at how you are ...
Advanta arbitrarily increased an existing account interest rate which was started by a promotional invitation. The account was in good standing even tho the promotional rate expired, it was being paid down with no incidences. They said they sent a change of terms letter which was never received. ...
Advanta Credit Card Company, Advanta Bank Corp Advanta jacks APR from 12.49% to 30.08% overnight despite Excellent Credit and Perfect Account History Philadelphia Pennsylvania Read how complaint saves consumers millions. Consumers beware: I found myself the victim of Advanta's swindling ways of the ...
I got a Credit card (samll business) from Advanta Bank in May 08, caught by VERY attractive offer on balance transfers (0% for 15 mo) and good rate on purchases (7.99%). In Sept I received a GENERIC amendment to CC agreement bumping my rate to 26%. Customer service - including supervisor - claim ...
Got the statement in the mail and they jacked the interest up to 31.31%. Called and asked them why and after being on hold for a very long time I was told that they were determining certain companies as a risk of default due to the economy. I was not late on my payments. Always paid on time. Even ...
I, like the others, never received the claimed snail mail notice. I did send an e-mail indicating that my "payment did not indicate an acceptance of the 26.59% APR and that this payment is being made under protest." I sent a website e-mail (I wanted to keep a paper trail) questioning the ...