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Advanta Bank Corp Complaint - Predatory Lender Practices - Small Business Credit Card
Small Business Credit Card - Complaint
SALT LAKE CITY, UTAH -- Advanta Bank Corp refuse the reimbursement of the interest ($1,500) acquired illegally after the notification to opt-out of changes of the terms.
Advanta request documented proof, such as a fax confirmation page or a tracking number of our opt out sent letter. This is other frivolous arguments, the notification was sent as indicated by current regulations, mailing certification was not required for said notification.
This practices show clearly abuse of a predatory lender that is ignoring the federal law and consumer credit protection act.
The FDIC Consumer Affairs specialist office received the above complaint and this was their response: the submission and/or receipt of an opt-out notice involves a factual dispute. While we are unable to assist you further at this time with your particular situation.
Advanta request documented proof, such as a fax confirmation page or a tracking number of our opt out sent letter. This is other frivolous arguments, the notification was sent as indicated by current regulations, mailing certification was not required for said notification.
This practices show clearly abuse of a predatory lender that is ignoring the federal law and consumer credit protection act.
The FDIC Consumer Affairs specialist office received the above complaint and this was their response: the submission and/or receipt of an opt-out notice involves a factual dispute. While we are unable to assist you further at this time with your particular situation.
Comments:
Posted by tnchuck100 on 2009-06-04:
Unfortunately Avanta was counting on the fact you would not send your opt-out notification by certified mail/return receipt requested. Without this documented proof of your opt-out, they win.
Anytime you opt-out, cancel, or make material changes with any business you deal with, especially those who have a high propensity for screwing their customers (banks, cell phone, and satellite companies, etc) always communicate via certified mail/return receipt requested.
Anytime you opt-out, cancel, or make material changes with any business you deal with, especially those who have a high propensity for screwing their customers (banks, cell phone, and satellite companies, etc) always communicate via certified mail/return receipt requested.
Posted by memoryx57 on 2009-06-04:
I have to agree with tnchuck on this one. I know it rubs the wrong way knowing that they're lauging all the way to the bank, so to speak. But I have to believe that these sleaze ball outfits with get theirs one day especially when the economy turns around. Folks have long memories..What goes around comes around !!
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