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Advanta Bank Corp Closed by FDIC

Date: Sat, 03/20/2010 - 06:18

Submitted by anonymous
on Sat, 03/20/2010 - 06:18

Posts: 202330 Credits: [Donate]

Total Replies: 6


This is good news!!

Bank Closing - Advanta Bank Corp., Draper, UT

On Friday, March 19, 2010, Advanta Bank Corp., (CERT #33535), Draper, UT was closed by the Utah Department of Financial Institutions. An assuming institution could not be located; therefore, the FDIC will fulfill its obligation to insured depositors by mailing checks for their insured amounts. For further information, please visit the FDIC web site: Advanta Bank Corp. (www.fdic.gov).


May not be good news if you owe Advanta money. Now you owe the FDIC since they hold the assets of the defaulted bank. They will pay out for the deposits and then either hire a collection agency to collect on their behalf or sell the debts owed. Either way they are going to try and get as much of the taxpayer money back as possible.


lrhall41

Submitted by on Sat, 03/20/2010 - 07:56

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Quote:

Originally Posted by Anonymous
I am over 6 months late. How did DS get that settlement and I am stuck on 50 percent.


they didn't.DS is an unregistered scammer.do not believe a thing posted by them.they were kicked off craigslist,and google them.the only things are the posts on this site.a complete scam.


lrhall41

Submitted by paulmergel on Mon, 04/26/2010 - 13:57

( Posts: 15514 | Credits: )