• Report: #172495

Complaint Review: SPS Aks Select Portfolio Servicing

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  • Submitted: Fri, January 20, 2006
  • Updated: Fri, January 20, 2006

  • Reported By:Martin Georgia
SPS Aks Select Portfolio Servicing
3815 South West Temple, Salt Lake City, UT 84115-4412 Salt Lake City, Utah U.S.A.

SPS Aks Select Portfolio Servicing Fairbanks Capital Corporation ripoff - increasing interesting every three months. Fees charged for they can't even explain. Salt Lake City Utah

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In June 2000 I took out a mortgage loan with Fairbanks Capital Corp. As a widow I had some problems keeping my mortgage payments up-to-date and fell behind on several different occasions. The fees and late payments were exorbitant. It seemed that I was being penalized for everything I did. I did receive a check for $239.90 reimbursement for late fees paid, but I had paid over $2000.00 in late fees. Sometimes, my checks should have been there way before the late fee date, but Fairbanks didn't apply them in a timely manner.

Fairbanks Capital Corporation became Select Portfolio Servicing and has continued in the very same manner. My interest rate has increased now to 10.5% which is well over the National average. It has increased every six months since the onset of the loan.

I have paid for the payoff and plan to refinance with a local finance company.
!

Rebecca
Martin, Georgia
U.S.A.

This report was posted on Ripoff Report on 01/20/2006 07:14 AM and is a permanent record located here: http://www.ripoffreport.com/r/SPS-Aks-Select-Portfolio-Servicing/Salt-Lake-City-Utah-84115-4412/SPS-Aks-Select-Portfolio-Servicing-Fairbanks-Capital-Corporation-ripoff-increasing-inter-172495. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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