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  • Report:  #374229

Complaint Review: Advanta

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

  • Reported By:
    Beveraly Hills California
  • Submitted:
    Fri, September 19, 2008
  • Updated:
    Fri, September 19, 2008
  • Advanta
    11850 Election Rd Draper Ut 84020
    Draper, Utah
    U.S.A.
  • Phone:
    215-4445103
  • Category:

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.

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