Unanswered Questions

Advanta Bank Raised My Interest Rate From 10% to 37%. – Barbara

Because of the volume of submitted questions, I am behind in personally answering every single one. I need your help. I am publishing the question below for you to answer. Please help this person by adding your response and advice in the comments section of the original question. Click here.

“Dear Steve,

Like most, credit card debt but one major Bank has raised the interest from 9.9% to 37.18% w/o any notice. The interest charges are outrageous and preventing me from paying down other cards as most of the $ must now go to this account. They will not hear me, will not negotiate unless I go to a debt settlement company, I do not want to do that as I am in good standing with all and do not want to jeopardize my relationship with these other banks.

What to do ? No payments have ever been late or just the minimum. In these times I find this disgusting.
The bank is Advanta Bank.

Barbara”

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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