We have a small business account with Advanta. We borrowed $10,000 for a short term, we thought. A business deal didn't happen, and we had this loan to pay back, as a result. We had a 3.9% interest rate. This month, our rate was increased to 35.08%. We have excellent credit. We spent 30 minutes ...
I almost maxed my credit card out and when I just had a few hundred dollars left for credit, Advanta shot my interest rate to 35%. This made my balance go above my limit and I'm always late now cause the minimum payment tripled. Now they pile the overlimit fee and the late fee for a whopping $79.00 ...
As I'm seeing with other consumer complaints here, Advanta raised my interest rate from 7.99% to over 35% over only a handful of months. I received the excuse that my "payment history has changed." Of course it has because I pay bills every month. What a scam that that is all they need to ...
Obviously in financial distress, Advanta is completely screwing over all of its loyal customers by jacking up their interest rates to absurd levels. From 7.99% to over 25% in a day, they say it's because of "various reasons". I've never had a late payment, very high credit scores, never ...
Interest rate was changed from 9.99% to 25.49% with no cause or notification that I received. Advanta would not let me opt out, when I called, after I received the first statement with the interest rate increase. I told them I felt that legally and morally they had to let me opt out of the new ...
As a small business owner, I have been an Advanta Businesscard holder for several years. My interest rate has always been 7.99%. I also received a packaged of checks for balance transfers that indicated the same interest rate. In June I embarked upon rennovations of my business property and decided ...