• Report: #420046

Complaint Review: Advanta Credit Cards For Small Business

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Wed, February 04, 2009
  • Updated: Wed, February 04, 2009

  • Reported By:Monroeville Pennsylvania
Advanta Credit Cards For Small Business
Nationwide U.S.A.

Advanta Credit Cards For Small Business Advanta ...taking "ADVANTAGE" of small business owners with outrageous interest fees. Salt Lake City Utah

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

It all begins with a sales pitch from acompany "Advanta" claiming to really care about the small business owner. They offered a low interest rate 9.99%...stupid me, I paid my bill on time every month then suddenly I get a notice that my interest rate has jumped to 38% making my payments shoot up so high that I could not afford to pay them. I paid them for a couple of months and then just quit paying but called them and tried to change the rate back to something workable. No, no, they ran a credit report, arbitrarily, and said I was a high risk so therefore I had to pay more interest just in case I would default. There are at least 5-8 phone calls a day mostly from India and none understandable.

Then I find out that there are only two (2) states in the US that can charge exorbitant interest rates one is Utah and one is Delaware. Of course, now it makes sense that Advanta is located in Utah with a high end interest rate of 39%. Is this state run by the mob. Or is this how Utah entices credit card companies to Charter their businesses by letting them rip off the unaware small business owners around the country.

Anyone interested in a Class Action!

notify me.
Micki
hey micki

Thanks for the venue to shout it out...

Hey micki
Monroeville, Pennsylvania
U.S.A.

This report was posted on Ripoff Report on 02/04/2009 09:57 AM and is a permanent record located here: http://www.ripoffreport.com/r/Advanta-Credit-Cards-For-Small-Business/nationwide/Advanta-Credit-Cards-For-Small-Business-Advanta-taking-ADVANTAGE-of-small-business-ow-420046. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Advanta Credit Cards For Small Business

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory