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Report: #374229

Complaint Review: Advanta - Draper Utah

  • Submitted:
  • Updated:
  • Reported By: Beveraly Hills California
  • Author Confirmed What's this?
  • Why?
  • Advanta 11850 Election Rd Draper Ut 84020 Draper, Utah U.S.A.

Advanta Advanta increased my rate to above 30%. I have a 780 FICO. Get your Advanta APR lowered to something reasonable. Draper Utah

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I am the owner of a small business that was carrying a business line of credit with Advanta Bank Corp. When I originally signed up for the card back in 2003 I had an interest rate of 7.99%. Advanta has maintained this rate throughout the years. Last month, however, my rate was increased to 35.08%. As I have a very high credit score and a stong credit profile, I felt this was totally unjustified.

Contacting Advanta's Customer Service did no good. They would not lower my rate. In the end, I did have my Advanta rates restored to the 7.99%. The only way to get this done is to contact the CEO or Bank President of Advanta directly. I will list their information below:

Dennis Alter, CEO: email- dalter@advanta.com; ph#- (215)444-5103
John Moore, Bank President: email- jmoore@advanta.com

Ripped Off by ADVANTA
Beveraly Hills, California
U.S.A.

This report was posted on Ripoff Report on 09/18/2008 06:22 PM and is a permanent record located here: https://www.ripoffreport.com/reports/advanta/draper-utah-84020/advanta-advanta-increased-my-rate-to-above-30-i-have-a-780-fico-get-your-advanta-apr-lo-374229. 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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