Complaint Review: ADVANTA - Philadelphia Pennsylvania
- ADVANTA P.O.Box 8088 Philadelphia, Pennsylvania United States of America
- Phone: 8007057255
- Web:
- Category: Credit Card Processing (ACH) Companies, Credit & Debt Services
ADVANTA Credit Card Advanta raised rates without notification. Gerrardstown, West Virginia
*General Comment: Possible help for Advanta rip offs
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Advanta closed out it's account this past year. That's old news. I read where others rates were hiked to 35%. I called at that time and was told that my rate would stay the same.
They did raise it to 15% though they listed 34.9% as a "default" if I didn't make a payment. I have paid on time every month.
This month I noted they raised my rate to 34.9% without notification! I called and the operator stated that they had raised it in January, which was not my understanding. He told me since it was closed, I needed to call another number of 1-800-388-2227.
Before I hung up, I asked if the part of my balance that is 35% be paid off in tandem with the promo rate I still have a balance on of 2.9%. He said "no, all goes to the lower amount first."
So, the higher amount is just compounding interest at this ridiculously higher rate!
I called the number. It was a debt counseling center! I would have to consent to having them take over the debt to have them negotiate this!
This is incredible! I have been thinking I was staying on top of this and was ripped off all along. Any help out there for this?
This report was posted on Ripoff Report on 08/22/2009 03:09 PM and is a permanent record located here: https://www.ripoffreport.com/reports/advanta/philadelphia-pennsylvania-19101-8088/advanta-credit-card-advanta-raised-rates-without-notification-gerrardstown-west-virginia-483961. 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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#1 General Comment
Possible help for Advanta rip offs
AUTHOR: Wlt, llc - (U.S.A.)
SUBMITTED: Tuesday, September 22, 2009
We have had the exact same situation....perfect record, low rate, etc.
Card cancelled, rate went to 33.9%, given credit couseling number..yadda yadda. All letters unanswered, all calls saying sorry we can't help you.
Finally found a guy who might help...he's an advanta business guy
Danny Bigel...267-525-4611,,,he actually renegotiated the rate down to 9.9%
under some hardship program, and lowered the payment. they are still making a killing, but it's better than nothing....Give him a try
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