- Report: #483961
Complaint Review: ADVANTA - Philadelphia Pennsylvania
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Author Not Confirmed
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ADVANTA
P.O.Box 8088 Philadelphia, 19101-8088 Pennsylvania, United States of America
Phone:
8007057255
Web:
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ADVANTA Credit Card Advanta raised rates without notification. Gerrardstown, West Virginia
Advanta closed out it's account this past year. That's old news. I read where others rates were hiked to 35%. I called at that time and was told that my rate would stay the same.
They did raise it to 15% though they listed 34.9% as a "default" if I didn't make a payment. I have paid on time every month.
This month I noted they raised my rate to 34.9% without notification! I called and the operator stated that they had raised it in January, which was not my understanding. He told me since it was closed, I needed to call another number of 1-800-388-2227.
Before I hung up, I asked if the part of my balance that is 35% be paid off in tandem with the promo rate I still have a balance on of 2.9%. He said "no, all goes to the lower amount first."
So, the higher amount is just compounding interest at this ridiculously higher rate!
I called the number. It was a debt counseling center! I would have to consent to having them take over the debt to have them negotiate this!
This is incredible! I have been thinking I was staying on top of this and was ripped off all along. Any help out there for this?
1 Updates & Rebuttals
Wlt, llc
phoenix,Arizona,
U.S.A.
Possible help for Advanta rip offs
#2General Comment
Wed, September 23, 2009
We have had the exact same situation....perfect record, low rate, etc.
Card cancelled, rate went to 33.9%, given credit couseling number..yadda yadda. All letters unanswered, all calls saying sorry we can't help you.
Finally found a guy who might help...he's an advanta business guy
Danny Bigel...267-525-4611,,,he actually renegotiated the rate down to 9.9%
under some hardship program, and lowered the payment. they are still making a killing, but it's better than nothing....Give him a try
