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Advanta / unethical fincancial managment

1 United States

I have a successful business and good credit signed up for Advanta as a premier business card for my buinsess in 2007. My intial interest rate was 15%, last year my rate was hiked to 35% with no explanation. The real crime here is the small business owners like that are respobsible and successful got stuck with no time to transfer or move funds before the interest reate hike. With the higher interest rate no progress is made on the balance. They claim to have sent a notice about the rate hike in august? Worse small business owners that had accounts with Advanta now have no accesses to available funds. I have worked hard to establish my credit as a reputable business, Advanta hurts responsible successful business owners that form the building blocks of this country. This should be handled with the upmost care and efficiency to restore respobsibility and ethics to business credit. What happens to american when small reputable business are forced to pay the mistakes of a big business? This should be illegal.

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