as per my knwoledge this bank does not report to credit report agencies at all most time not even to issue credit card accounts nor verificaton of information such as social security number , identity , legal status or even worst the authenticity of social security numbers, to the point of giving credit to illegal aliens , false or bogus non stablished business," even the most horrifying: providing with business credit cards accounts to terrorists from 911" yes dear citizens and we think that because of new security policies advanta bank will try to enforce them but not.
Advanta bank policies and officers rather help to commite crimes like 911 than expend small amount of the large profits to pay the fees to credit reporting agencies to at least comply with the the fear credit lending act of reporting every month to the credit reporting agencies to help people to stablish credit,but not they use the excuse that they reserve the rigth to report at any time to bredit bearous but according to the lending act every credit should report accounts of any type of lending activity every month to the now three maine credit reporting agencies but even now advanta bank does not comply with it after over 50 years of lending experience,and we ask our selves why credit cards apr are so hi why our prime rate is not lower ? but the answers always the same: bankrupcys, slow paying because economical resession etc...
but why we dont the facts rigth, why leders like advanta bank help to solve losses, minimize rigth offs, etc by doing the rigth thing,and is more about it and more bad practice at advanta , or abc bank beyond their over 50 yaers of practice just to mention that in 2001 fdic audited advanta in the begining just their idea was tht it will be only for a few days but end up being over 9 month finding lost and lost of irregularyties endning on high fines to the bank by utah fdic auditors, and it is more and more and more, like turning down proposals from account holder now on a harship situation to help costumers to repaid the debt lowering amount of minimum payment, late fees, over limit fees or lowering apr, but not advanta will turn most of this proposals or requests down rather thant help customers, thru this via advanta soon will let this accounts charge off as bad debt to them instead of helping our economy and try to get customers aproved on hardship programs, or accepting proposals from non profit consumer credit agencies, to help good faith and resposable americans commited to repaid their debt responsably during a bad time, but not advanta will rather dicline their good faith proposals and rather charge off entire debt,because it is better for advanta fiscal year to have a charge off as bad debt than accepting smaller minimum payments or lowering apr's ,and according with advanta officials it is a ok , because as business lending they are only with "the spirit od fdic and other lending laws "meaning they are not obligated to do any of the above but they most show a "good spirit " waisting costumers time and non profit agencies because by being with the spirit they feel free to reject any proposal,or default any program reage program at any time even as per advanta 's own errors they feel that they rather settle an account or charge it off than help good americans business owners to continue to re pay their debt with some help from their own creditors;what do you think? is it not woderfull?
me
salt lake, Utah