• Report: #31750
Complaint Review:

Fairbanks Capital Corp aka Equicredit Corp.

  • Submitted: Thu, October 03, 2002
  • Updated: Thu, October 10, 2002

  • Reported By:Milwaukee WI
Fairbanks Capital Corp aka Equicredit Corp.
10401 Deer wook PK Jacksonville, Florida U.S.A.

Fairbanks Capital Corporation aka Equicredit Corp. disceptive and elusive practices victimized many consumers Jacksonville Florida

*UPDATE EX-employee responds: Who to point the finger at

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This company has a very por rating from the better business bureau in every state. Also to stop complaining to each other do the following

#1 Contact the Federal Trade Commission and file a complaint so that they can become investigated they need a minimum of 20 complaints that show a pattern of inapproiate behavior before they investigate

# 2 contact the local depart of finanical and banking or mortgage in the state your from or the State attorney.

#3 Keep all correspondences that you may have

#4 document the phone call complete with start and end time, who you spoke to extensions

#5 only send certified payments and letters to them

Good luck

TOGETHER the ants will make the the elephant fall !!!!!!!

Milwaukee, Wisconsin

This report was posted on Ripoff Report on 10/03/2002 01:00 PM and is a permanent record located here: http://www.ripoffreport.com/reports/fairbanks-capital-corp-aka-equicredit-corp/jacksonville-florida-32256/fairbanks-capital-corporation-aka-equicredit-corp-disceptive-and-elusive-practices-victim-31750. 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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Updates & Rebuttals

#1 UPDATE EX-employee responds

Who to point the finger at

AUTHOR: John - ()

Fairbanks obtained the servicing rights for Equicredit/Nationscredit mortgage loans on 1/1/2002.

Bank of America actually owns what was Equicredit/Nationscredit. Fairbanks has a servicing contract for those loans. If you want to voice your displeasure voice it to Bank of America they gave your servicing to Fairbanks.

I have been told by more than one source that the Bank of America investors that have secured your loans are very unhappy with Fairbanks.

I have even heard that the bank is looking at trying to regain servicing control over the loans given to Fairbanks.

Bank of America dropped writing and servicing non prime loans because they did not want to be viewed by the public and their account holders as predatory lenders.

That is why today your are serviced by Fairbanks instead of Equicredit(Bank of America.)
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