#2Consumer Suggestion
Mon, June 22, 2009
Filed June 16, 2009, Case #109CV144965 in Santa Clara County Superior Court. Ron Stern and Jack Scalfani plaintiffs vs. Advanta Bank Corp., a Utah corporation, and Advanta Corp.,a Delaware corporation Defendants. Class Action Complaint for Damages, Restitution, Injunctive and Declaratory Relief, Breach of Contract and Violations of the Unfair Competition Law and the False Advertising Act. Demand for jury trial. Attorney for plaintiffs - Arthur Levy in San Francisco. CA residents only.
Ripped-off
West Palm Beach,#3Consumer Comment
Thu, April 23, 2009
After struggling to pay the abusive interest while trying to resolve my issues with Advanta, I finally decided to withhold payment, regardless of the damage to my credit. The only hold these companies have over us is the threat to our credit, and the only recourse we have to fight them is to refuse to pay. They rely on our fear of damage to our credit to keep us paying. If all consumers being abused by these despiccable credit card companies refused to pay, they would have to change their tactics. The only reason that they can continue to rape us is that we do not band together and fight back. You may have to risk your credit rating in order to fight them. They expect you to back down when they threaten to report you to the credit bureau. You can give in and pay, or you can fight and maybe win, but you cannot do both. No pain, no gain. If there is a lawsuit against Advanta, I would be proud to join in. Otherwise, just point me at the windmill...
#4Consumer Suggestion
Fri, February 27, 2009
Advanta never reports to any of the 3 credit bureaus when you are in good standing with them. As soon as you stop paying and become late, they start reporting negative information on your personal credit report. So, if you stop paying them, they will ruin your credit rating in an attempt to get you to pay.