- Report: #379959
Report - Rebuttal - Arbitrate
Complaint Review: Advanta Bank Corp.
Advanta Bank Corp.PO BOX 30715 Salt Lake City, Utah U.S.A.
Advanta Bank Corp. Advanta Credit Cards, Raised interest rate with no notice whatsoever Salt Lake City Utah
*Consumer Suggestion: Class Action Lawsuit Against Advanta
*Consumer Suggestion: Class Action Lawsuit
*Consumer Suggestion: PLEASE ALSO FILE YOUR RIP-OFF REPORT ON OTHER SITES.
*Author of original report: Update: FDIC complaint filed
*Consumer Suggestion: Please also report this RIP-OFF to FDIC (Federal Deposit Insurance Corporation)
I wrote the company thru their secure message system and have yet to get a response back after the 2 day notification time as they state. My first message was simple, Hi , why have my rates increased to over 30%, please respond so i can take proper action upon reply. No reply, second message was simpler, Hi why have my rates been raised to over 30%, thanks.
I have never ever ever received a rate increase notification not thru the mail or thru their message notification system. Somethings not right that i will say, anyone demanding that amount of interest is loan sharking imho. They offer a rate of 7.99% right on their page , i wonder if thats a lure you in rate then they slam the whammy on the unknowing.
If i dont receive a reply in the next day or 2 and a rate reduction back to my normal rate then i will be transfering my balance to another company thats for sure! This has nothing to do with the current state of affairs and the credit crunch as many claim it does.
This report was posted on Ripoff Report on 10/10/2008 02:12 AM and is a permanent record located here: http://www.ripoffreport.com/r/Advanta-Bank-Corp/Salt-Lake-City-Utah-84130-0715/Advanta-Bank-Corp-Advanta-Credit-Cards-Raised-interest-rate-with-no-notice-whatsoever-Sa-379959. 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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