• Report: #458919

Complaint Review: Advanta

  • Submitted: Fri, June 05, 2009
  • Updated: Mon, June 22, 2009

  • Reported By:bakersfield California
Advanta
PO Box 30715 Salt Lake, Utah U.S.A.

Advanta Advanta closed all business cardholders accounts. Salt Lake Utah

*Consumer Suggestion: California Class Action Has Been Filed in Santa Clara County, CA against Advanta on June 16

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I received a letter dated May 22, 2009 regarding my account with Advanta. They informed me as of May 30, 2009 all Advanta Business Credit Card accounts, including mine, would be closed due to no funding from the independent trust which owns the balances we owe on our account and provides funding for new transactions. Advanta said they expect the trust to stop funding actiivity on our accounts. As a resut , unfortunately all accounts were closed. My account interest went from 7.9% up to over 25% for no reason than after waiting 3 months I called and it was lowered to 19.99%. Now its closed! Someone posted an attorney to contact for a class action law suit but the website was not for him. Can I get the correct link to join this suit or other info to get in touch with him.

Piper
bakersfield, California
U.S.A.

This report was posted on Ripoff Report on 06/05/2009 11:57 AM and is a permanent record located here: http://www.ripoffreport.com/r/Advanta/Salt-Lake-Utah-84130/Advanta-Advanta-closed-all-business-cardholders-accounts-Salt-Lake-Utah-458919. 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 Consumer Suggestion

California Class Action Has Been Filed in Santa Clara County, CA against Advanta on June 16

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

Filed June 16, 2009, Case #109CV144965 in Santa Clara County Superior Court. Ron Stern and Jack Scalfani plaintiffs vs. Advanta Bank Corp., a Utah corporation, and Advanta Corp.,a Delaware corporation Defendants. Class Action Complaint for Damages, Restitution, Injunctive and Declaratory Relief, Breach of Contract and Violations of the Unfair Competition Law and the False Advertising Act. Demand for jury trial. Judge James Emerson - supposed to be a very good one. Attorneys for plaintiffs - The Sturdevant law firm and Arthur Levy in San Francisco.
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