• Report: #483961

Complaint Review: ADVANTA

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  • Submitted: Sat, August 22, 2009
  • Updated: Tue, September 22, 2009

  • Reported By: Vee — Gerrardstown West Virginia USA
P.O.Box 8088 Philadelphia, Pennsylvania United States of America

ADVANTA Credit Card Advanta raised rates without notification. Gerrardstown, West Virginia

*General Comment: Possible help for Advanta rip offs

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Advanta closed out it's account this past year. That's old news. I read where others rates were hiked to 35%. I called at that time and was told that my rate would stay the same.

They did raise it to 15% though they listed 34.9% as a "default" if I didn't make a payment. I have paid on time every month.

This month I noted they raised my rate to 34.9% without notification! I called and the operator stated that they had raised it in January, which was not my understanding. He told me since it was closed, I needed to call another number of 1-800-388-2227.

Before I hung up, I asked if the part of my balance that is 35% be paid off in tandem with the promo rate I still have a balance on of 2.9%. He said "no, all goes to the lower amount first."

So, the higher amount is just compounding interest at this ridiculously higher rate!

I called the number. It was a debt counseling center! I would have to consent to having them take over the debt to have them negotiate this!

This is incredible! I have been thinking I was staying on top of this and was ripped off all along. Any help out there for this?

This report was posted on Ripoff Report on 08/22/2009 03:09 PM and is a permanent record located here: http://www.ripoffreport.com/r/ADVANTA/Philadelphia-Pennsylvania-19101-8088/ADVANTA-Credit-Card-Advanta-raised-rates-without-notification-Gerrardstown-West-Virginia-483961. 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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#1 General Comment

Possible help for Advanta rip offs

AUTHOR: Wlt, llc - (U.S.A.)

We  have  had  the  exact  same  situation....perfect  record,  low  rate,  etc.

Card  cancelled,  rate  went  to  33.9%,  given  credit  couseling  number..yadda  yadda.  All  letters  unanswered,  all  calls  saying  sorry  we  can't  help  you.

Finally  found  a  guy  who  might  help...he's  an  advanta  business  guy

Danny  Bigel...267-525-4611,,,he  actually  renegotiated  the rate  down  to  9.9%

under some  hardship  program,  and  lowered  the payment. they  are  still  making  a  killing, but  it's  better  than  nothing....Give  him  a  try

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