Advanta Credit Card Company Arbitrary interest rate increase from 7% to 31% for NO REASON Salt Lake City Utah
I have had a business credit card with Advanta at 7% interest rate and when I received this months statement, they arbitrarily increased my interest rate to over 31%!! I was not over my limit nor was I late on a payment. My finance charges went from approximately $30 per month to over $160!! When I called them they said they had sent me a letter explaining the "change in terms" (which I have yet to locate) and that it was completely legal and they would do nothing to fix it, even after I spoke with a supervisor.
Dr. young
Monroe, Washington
U.S.A.
1 Updates & Rebuttals
Cloudcowboy@aol.com
Commack,New York,
U.S.A.
i have a solution
#2Consumer Suggestion
Sat, November 01, 2008
contact the utah better business bureau; they will make it better; write advanta telling them that you will not accept their usurious rate and to cancel the card, and restore the 7.99% rate.
contact attorney alan finkel in new york, he's organizing a class action suit against these predatory weasels.
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