Fairbanks Capital Corp, Intentionally delaying mailing statements to miss due date, not crediting account in timely manner, lying about the account status, intimidate by phone calls , In violation of any number of Federal and State laws related to fraud and extortion. Salt Lake City Utah; Jacksonville, Florida

Fairbanks Capital Corporation intentionally delays mailing account statements till they will reach the customer AFTER the due date therby creating a 'late payment' condition. Failure to credit the account correctly and attempting to double bill the customer for two months mortgage payments. It is readily apparent that Fairbanks Capital Corporation is in violation of any number of Federal and State laes related to fraud and extortion.

I do not understand why the various State real estate Departments have not taken criminal action against them? I do not understand how anyone would invest money in such a company. They are being investigated by the FTC, HUD and various state regulators.

I believe they should also be investigated by the district attorny of every county they hold a mortgage in. I also believe that this company is direct violation of the 'RICO' law. It is apparent that due to the number of complaints against them they are 1) completely incompetent to operate a mortgage business, or 2) they are intentionally ripping off every customer they can.

Fairbaks bought our mortgage in March 2003. The April payment was made to them using the loan coupon from the company that sold the mortgage. The second payment was made via phone as they did not mail us a statement. The third payment was made by check, cashed on 6-4-03 by Fairbanks Capital. We received a statement for June on 6-16-03 for two months payments. The statement was dated 6-11-03 and showed they had received and cashed the June payment on the fourth.

These people are intentionally preying on their customers. I am going to file a complaint with every member of the state legislature, congressional representatives, the FBI, the FTC and the Post Office.

William
Ontario, California
U.S.A.