- Report: #399293
Report - Rebuttal - Arbitrate
Complaint Review: ADVANTA BUSINESS CREDIT CARD
ADVANTA BUSINESS CREDIT CARD11850 S. Election Rd Draper, Utah U.S.A.
ADVANTA BUSINESS CREDIT CARD WILL FORCE SMALL BUSINESS TO FILE BANKRUPTY THROUGH SUDDEN UNETHICAL APR INCREASE Draper Utah
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However, Advanta has raised my APR to 27.18%, making it impossible to even make the minimum payments. I have called several times to request a reduction in the APR and I get the same answer every time, no lower rates available. I have always paid my payments on time and have been since I was given the credit.
If my APR is not lowered to a reasonable rate, I will have no choice but to file bankruptcy to protect me health and sanity. A person can't get out of a hole where the digger is digging you deeper. All of these mayor companies are getting a bailoutwho will bail me out! But my only questions is why is the US Government allowing this type of predatorial lending?
S.W. Ranches, Florida
This report was posted on Ripoff Report on 12/08/2008 04:49 PM and is a permanent record located here: http://www.ripoffreport.com/r/ADVANTA-BUSINESS-CREDIT-CARD/Draper-Utah-84020/ADVANTA-BUSINESS-CREDIT-CARD-WILL-FORCE-SMALL-BUSINESS-TO-FILE-BANKRUPTY-THROUGH-SUDDEN-UN-399293. 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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