I have an Advanta CC over the past few months they have raised the interest rate to over 37%. I beleive that is the default rate however I have never been late with a payment.

Also they don't seem to be able to add either. When I devide the annual rate by 365 for a per day rate they are off. It averages about $10/mo.

They refuse to do anything. If an atty is reading I would like to know options, possible class action?

Anyone else dealing with Advanta please step fwd I live in North Carolina and the state limits the intrest rate charged by Credit Card to around 20%.

It seems the Federal Government beleives the banks should be able to operate as loan sharks.

If this has happened to you or before it does lets get our representitives involved.



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1. Written by 35633, on 05-05-2009 09:59

Avoid Advanta as though it were theH1N1 virus (swine flue)! This company will kill your small business in a minute by raising your interest rate to a WHOPPING 37.99% rate and then refuse to talk with you about it. If big business didn't own congress, this would be a crime. :(

2. Written by Class Action Lawsuit, on 12-12-2008 18:05

We have an attorney in NY working on a class action lawsuit. Please contact me at (dec458) at (msn.com) if interested in joining.

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