Advanta Bank Complaint - Deceptive Practices
SALT LAKE, UTAH -- Like many, Advanta Bank has also done a switch & bait with me. I have never been late and from one day to the next; the interest rate went from 9.9% to 37.81%. No explanation, finally some guy in Mombai India said I was a default risk.
They lied about sending out "opt out" notices, they lie about everything. As it stands now, the interest rate has gracefully been lowered to 24.99% and the account is closed. Mind you I am still paying off the loan. A surprise is coming to them shortly...cannot say more.
There are hundreds of us, small business owners in the same predicament. Be aware that help is coming and Advanta is going to pay for their very unscrupulous tactics.
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