• Report: #394416

Complaint Review: Advanta Bank

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  • Submitted: Mon, November 24, 2008
  • Updated: Mon, November 24, 2008

  • Reported By:Rochester New York
Advanta Bank
PO Box 844 Spring House, Pennsylvania U.S.A.
  • Phone:
  • Web:
  • Category: Banks

Advanta Bank Corp. Advanta Bank Officers & Contact Information Salk Lake City Spring House Pennsylvania

*Consumer Suggestion: Sue Advanta in Small Claims Court if you Can

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My small business account convenience checks at 9% escalated to 41%. I recall a message about late payments--not an interest increase. I moved 9K from 16.4% to 41%. The bank would do nothing to help me. Interest increases should be prominantly displayed on any bank-client communication.

This bank's 2nd quarter earning dived 83%. I can only hope this bank goes bankrupt. To really be heard, you need to contact a company officer:

Advanta Corp.

Firm Type: Public Company, Headquarters Location

Ticker: ADVNB

Exchange: NASDAQ

Headquarters Address: PO Box 844

Spring House, Pennsylvania

19477-0844

Welsh and McKean Rds.

Spring House, Pennsylvania

19477-0844

United States

Main Telephone: (215) 657-4000

SMSA: 6160_Philadelphia, PA-NJ

Primary SIC: 6141_Personal Credit Institutions

Secondary SIC(s): 6159_Misc. Business Credit Institutions

6351_Surety Insurance

NAICS Code: 522291_Consumer Lending

Key People:

Executive Name Title Job Function

Dennis Alter Chief Executive Officer, Chairman of the Board Chief Executive Officer, Chairman

Philip M. Browne Senior Vice President, Chief Financial Officer Chief Financial Officer

Dana Becker Dunn Director NA

Max Botel Director NA

Ronald Lubner Director NA

Michael Stolper Director NA

Olaf Olafsson Director NA

Thomas Costello Director NA

David Weinstock Vice President, Chief Accounting Officer Accounting

Bill Rosoff President, Chairman of the Board President, Chairman

Sammy
Rochester, New York
U.S.A.

This report was posted on Ripoff Report on 11/24/2008 09:30 AM and is a permanent record located here: http://www.ripoffreport.com/r/Advanta-Bank/Spring-House-Pennsylvania-19477-0844/Advanta-Bank-Corp-Advanta-Bank-Officers-Contact-Information-Salk-Lake-City-Spring-House-394416. 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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REBUTTALS & REPLIES:
0Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Suggestion

Sue Advanta in Small Claims Court if you Can

AUTHOR: DEC458@MSN.COM - (U.S.A.)

FRANK VAN BUREN
NEW YORK, NY 10019

Complaint_against: ADVANTA
Complaint: I SUED THEM AND HIRED AN ATTORNEY. THE CASE WAS TO BE HELD ON 11/21 IN DISTRICT COURT IN PA. THE ATTORNEY WITH ADVANTA CALLED MY ATTORNEY AND ADVANTA REFUNDED ME 2,056.00 IN EXCESS INTEREST CHARGES PLUS ATTORNEY FEES OF 782.00. YOU CAN SUE THEM AND WIN. ADVANTA THEN CLOSED THE ACCOUNT AND RAISED MY INTEREST RATE TO 21% ON THE REMAINING BALANCE. I INTEND TO PAY THEM THE BALANCE OF ABOUT 8,500 ASAP. THANKS AND GOOD LUCK TO EVERYONE WHO HAS PROBLEMS WITH ADVANTA.

One possible option. Advanta caved into the lawsuit in 2 weeks. I would encourage others to try this also.
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