- Report: #498880
Complaint Review: Advanta Bank Corp. - PHILADELPHIA Pennsylvania
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Author Confirmed
Why?
Advanta Bank Corp.
PO BOX 8088 PHILADELPHIA, 19101-8088 Pennsylvania, United States of America
Phone:
8007057255
Web:
N/A
Categories:
Business Rating:
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Tell us has your experience with this business or person been good?
Advanta Bank Corp. ADVANTA ILLEGALLY RAISED INTEREST RATE TO 33.9% PHILADELPHIA, Pennsylvania
We had been a good customer of Advanta for 9 years with a perfect record of payment. When we wnet to purchase new inventory the begining of June 2009, the card was declined as cancelled. We found out later Advanta had
cancelled all cards with no notice. This seriously hurt our business.
We also had a guaranteed interest rate of 12%, and as soon as the card was cancelled, we had 2 increases...to 24.9% then again to 33.9%
with no notice or explanation. All letters to Advanta went unanswered, and
all calls were met with "sorry we can't help you". This is a business killer as well as criminal on their part, and deserves an investigation and a class action lawsuit. We reported this to the FTC, but don;'t expect much.
They are scum as far as we're concerned.
