- Report: #466840
Report - Rebuttal - Arbitrate
Complaint Review: ADVANTA BANK CORPORATION
ADVANTA BANK CORPORATIONP.O. BOX 30715 Salt Lake City, Utah U.S.A.
ADVANTA BANK CORPORATION Charge Card Rip-Offs Salt Lake City Utah
When I wrote them I wanted to know why they had further increased my rate and without any provocation as I have always paid as agreed and I feel the rate is totally unreasonable and I would like to avoid being crippled down by such a outstanding interest rate.
I also stated that I feel this could be settled honestly and honorably like proper business should be conducted and considering the economy Well the answer I received by mail I was given some old story telling me I was late $38.00 on a old electric bill account and another one which was a final payment on a old account these go back a few years and that information was right there for them to see when I open the account with Advanta at the time. I have another friend on her business account was jumped to 34.99% as they closed her business account as well. Our goverment has allowed them to legally steal and rip us off. We need to put a strong stop to all this with the banks having all the control. The rest of us would rot in prison for what they have done. They did reply to my letter on line and stated how sorry they were but would be unable to change the current interest rate set on my account.
I wrote back stating you mentioned you are unable to change the rate on the account when in reality the fact is you won't change the rate on the account. I have never heard back from them again and I am stuck paying on a account at a 29.99% rate. Just how many thousands of people have they done this to?
The Big Rip-Offs
This report was posted on Ripoff Report on 07/01/2009 12:53 PM and is a permanent record located here: http://www.ripoffreport.com/r/ADVANTA-BANK-CORPORATION/Salt-Lake-City-Utah-84130-0715/ADVANTA-BANK-CORPORATION-Charge-Card-Rip-Offs-Salt-Lake-City-Utah-466840. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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