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Report: #414610

Complaint Review: Advanta - Salt Lake City Utah

  • Submitted:
  • Updated:
  • Reported By: henderson Nevada
  • Author Confirmed What's this?
  • Why?
  • Advanta P.O. Box 30715, Salt Lake City, Utah U.S.A.

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I am the president of a small business. Just like you my Advanta business line of credit card jumped through the roof. I have an excellent credit history with a score a few years ago as high as 813 from Bank of America and, as of a few months ago, 750 online. My business is 14 years old. I have NEVER missed a payment or been late on ANY card. I am a registered securities broker/dealer with an umblemished record with the SEC.

I called Advanta and was passed from a call center in India to a man named Glenn in Salt Lake City. He was cordial but explained there was a wide range of things Advanta looks at to make their determination and there was nothing he could do about it. I informed him it was theft and I wasn't going to pay a penny further unless they did something to adjust my rate back. I went on line and discovered others with similar experience.

This is destructive to small business people and should be criminal. I am willing to sacrifice my perfect credit history to stand up against these thieves.

Milespergallon
henderson, Nevada
U.S.A.

This report was posted on Ripoff Report on 01/21/2009 05:37 PM and is a permanent record located here: https://www.ripoffreport.com/reports/advanta/salt-lake-city-utah-84130/advanta-advanta-will-soon-suck-money-from-the-government-salt-lake-city-utah-414610. 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. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
0Author
2Consumer
0Employee/Owner

#2 Consumer Comment

RE:

AUTHOR: John - (U.S.A.)

POSTED: Wednesday, January 21, 2009

I am willing to sacrifice my perfect credit history to stand up against these thieves.
=============================
Um...no you don't.

Usury laws have basically been voided out in this nation due to a 1978 Supreme Court ruling which requires all states to recognize the lack of usury laws in other states...that's why all banks are incorporated in either Delaware or South Dakota.

Yes, Advanta is sleazy....but it is not doing anything illegal....They could raise your interest rate to a trillion percent and it would still be perfectly legal in this nation.

The ultimate way to get even is for Americans to get politically active and demand that their representatives re-institute usury laws on a national scale....BUT...that would require a citizenry that is not too distracted by the latest celebrity scandal or a handful of gays getting married.

VP Joe Biden is from Deleware...so don't expect any change from the new administration.

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#1 Consumer Suggestion

Put a fork in it cause Advanta is done! Dennis & Gisela Alter Advanta share is down to FIFTY SEVEN CENTS!

AUTHOR: Advanta Rip Off - (U.S.A.)

POSTED: Wednesday, January 21, 2009

1) STICK A FORK IN ADVANTA 'CAUSE ADVANTA IS DONE

Three words by financial experts - "unlikely to survive"

2) Advanta share dive to FIFTY SEVEN CENTS today!

3) Will Dennis & Gisela Alter FORFEIT donation funds?


http://philadelphia.craigslist.org/vnn/1002500454.html

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