I've had an account w/ Advanta as a small business for 12+months. Excellent credit not late and they just raised my rate from 10.74 to 35.08 w/ no explanation. I've contacted the Fed Trade Commission and the Better Bus Bur of Utah. Really is it to any avail? How can business get away w/ this? Is there no punishment, or are consumers the only ones who have to pay? This has to be against the law-some government office has to step up and close this company down. It has gotten out of control. To all of us who got sucked in by Advanta- good luck.



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1. Written by Advanta Fighter, on 06-10-2008 19:11

If your interested in participating in a lawsuit, please e-mail me at

2. Written by Rebecca, on 03-10-2008 15:18

Same story here. I reported to the BBB.  

 

Hopefully a class action lawsuit will be started.

3. Written by ScrewAdvanta, on 19-09-2008 15:22

My rate went from 7.99% to 25.08%. Never late...Credit Score around 780. Thanks Advanta. You bet I closed this account. I just hope my other account don't follow suit.

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