#2Consumer Comment
Tue, November 25, 2008
They are obviously doing something wrong despite your pithy comments. One small business owner used Scott Feldman in Doylestown, PA to sue them in Philadelphia. The gentlemen was able to recover around $2,600 in overcharged interest and $800 in attorney and court costs by filing against them in small claims court. Advanta caved in, in 2 weeks. They had provided the same treatment to this plaintiff of suddenly raising his interest rate. Unless in default, most credit agreements in the past did not allow this. Advanta's latest credit card agreement says they can change the rates for any reason whatsoever at any time they want. I hope people are stupid enough to get one of their cards under those conditions, but a lot of people are right in that nobody seems to read the fine print, and if you accepted these types of terms, you deserve it.
Flynrider
Phoeix,#3Consumer Comment
Mon, November 10, 2008
You agreed to borrow money from Advanta under these ridiculous terms. What are you going to sue them for? They're only doing exactly what the card agreement says they can do. For your future reference, most credit cards give the issuing bank the power to change the rates to whatever they like. Don't borrow money under such lopsided agreements. You'll always end up the loser.