- Report: #406509
Report - Rebuttal - Arbitrate
Complaint Review: Advanta Corp.
Advanta Corp.PO BOX 30715, Salt Lake City, Utah U.S.A.
Advanta Corp. Advanta Credit Card Rate Change from 7.99% to 37.00%, never paid late, never over limit, high FICO score. Salt Lake City Utah
*Consumer Suggestion: Once Again You've Proved Your Full of Hot Air and Now Your Making Up False Data
*Consumer Comment: You failed yet again. Not surprising.
*Consumer Suggestion: John Works for Advanta
*Consumer Comment: Nothing juvenile about it.
*Consumer Suggestion: Scott Feldman - Doylestown, PA
*Consumer Comment: Since you allegedly talk to him all the time
*Consumer Suggestion: Response to John
*Consumer Suggestion: CUT 'EM UP
*Consumer Comment: No one is making you keep or use the card.
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I never missed a payment, was never late on a payment, always paid 3x the minimum required payment, never went over limit and I have a high FICO score to boot. Originally I went with Advanta for their attractive and fair 7.99% rate. Interest rates have fallen radically since then yet this company is deliberately attempting to take advantage of Americans before Congress' new regulations to curb these renegade loan shark credit card companies go into effect in 2010, (a day late and a dollar short).
So this is how Advanta treats their banking customers who have never exceeded their credit limit nor ever missed or been late on a payment?
Sounds to me like upper management is trying to cover their mistakes by sticking it to whoever will agree to such completely ridiculous terms. Also sounds like upper management will be in the unemployment line soon, the Advanta ship is obviously sinking if they've already sunk this low.
Usury (pronounced /'ju???ri/, comes from the Medieval Latin usuria, "interest" or "excessive interest", from the Latin usura "interest") originally meant the charging of interest on loans. The word means the charging of unreasonable or relatively high rates of interest.
Is this organization controlled by organized crime? I don't see he difference.
La Jolla, California
This report was posted on Ripoff Report on 12/30/2008 10:19 PM and is a permanent record located here: http://www.ripoffreport.com/r/Advanta-Corp/Salt-Lake-City-Utah-84130/Advanta-Corp-Advanta-Credit-Card-Rate-Change-from-799-to-3700-never-paid-late-never-406509. 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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