#2Consumer Suggestion
Thu, December 25, 2008
I have seen Advanta do this to 2 other small business owners. They refused to pay the 37.5% interest rate Advanta jacked them up to. Advanta in most all cases never reports any credit card information to the 3 personal credit bureaus, even though they can, because they claim to be a small business credit card. Yet, they typically use your SSN and personal FICO to open an account. They have started adding negative information to people's credit reports such as yourself and these 2 others, trying to ruin your credit and force you to pay their predatory high interest rates. I would get with your attorney and have sue them in small claims court if available in Alabama. They already have lost one small claims court suit by Scott Feldman in Doylestown, PA filed in Philadelphia court. There are hundreds of complaints here on Ripoffreport that can give your attorney all the ammo he needs, such as noone receiving opt out reports, etc.