Today i checked my online account with Advanta and noticed something unusual. Long story short, they jacked me from 7.99% to a whopping 26.31% on Standard Purchases and 36.31% on Cash Advances. Let me point out that i have been a great customer for over 3 years with absolutely stellar credit, no lates, excellent history and spotless credit with all my other creditors. They started me out with $5,000 and within 18 months i was at $18,500. I have always sent minimum payments between $500-$2,000 and seldom carry a balance until recently due to other high interest credit cards. When i emailed Customer Service i got a standard computerized script about the ailing economy blah blah blah... With a middle FICO OF 796 I was told i am now a potential credit risk! Unbelievable! I will surely take legal action ASAP. I intend on costing them money now and tying them up in court cases etc. If anyone has any success stories as a result of a similiar situation please share it with me.. ADVANTA ARE CROOKS!!!


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1. Written by billman10, on 23-11-2008 13:21

I will be contacting the Florida Department of Financial Regulation, the FDIC, and the Comptroller of the Currency tomorrow to begin complaint submission and request relief.

2. Written by Timothy Beery, on 21-10-2008 00:29

The Advanta Corp. is definately doing illegal operations with their interest hikes.... 

I would like to know how I can join together with others to initiate a "class action lawsuit". 

I have contacted CA Attorney Gen. to file a complaint against Advanta. 

I have not had a response so far. 

Thanks. 

Tim  

20 Oct 2008

3. Written by D Carpenter, on 17-10-2008 23:54

They did the same thing to me and many many others. If you would like to join our class action lawsuit, please e-mail me (take out the pluses) dec+458+@+msn+.com.

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