Alex
OSWEGO,#2Consumer Suggestion
Sun, July 19, 2009
To those of you that were harmed by Advanta like me by raising your interest rates like loan sharks, they have settled with the FDIC and are required to contact you and pay you for their actions. I'm not an attorney but as I understand it, they will pay 150000 in fines ad up to 21,000,000 to effected customers.Go to this FDIC site and get all the details including a PDF of the settlement, then contact ADVANTA and remind them of your account, just in case they "Cant" contact you... It makes for interesting reading... Good Luck... and the FDIC PRESS RELEASE is here http://www.fdic.gov/news/news/press/2009/pr09109.html
#3Consumer Suggestion
Sat, November 22, 2008
A class action lawsuit is brewing. I am working with a couple of attorneys pursuing it. An attorney in Doylestown PA was able to sue them for his client getting his rate jacked in small claims court in Philadelphia and got him back over $2,000 in interest they overcharged his client and his court/attorney fees. Just prey they don't go out of business before they get what's coming to them.
Gene
Granada Hills,#4Consumer Comment
Wed, November 19, 2008
Advanta did the EXACT same thing to me. Had a rate of about 10%.. had the same rate for years.. never once paid it late. Always paid 3-4 times the minimum at the least. Called and spoke to them about doing a transfer.. they stated that there would be no increase in rate and no problem. After the transfer, they arbitrarily raised our rate by 5% - 8% every month. Every month I would call and they would apologize. Every month the rate kept going up. When our rate jumped from 29% to 37% I finally told them enough is enough.. and haven't paid them since. If anyone finds out about a class action against these guys.. let me know.. I'd love to join the party.