Report: #87613

Complaint Review: Fairbanks Capital

  • Submitted: Wed, April 14, 2004
  • Updated: Wed, April 14, 2004
  • Reported By: Warrensburg New York
  • Fairbanks Capital
    PO Box 551170
    Jacksonville, Florida

Fairbanks Capital Corporation, Loan Servicing Center Destroyed My Life, Ruined My Credit, Preventing Me From Refinancing Jacksonville, Louisville Florida, Kentucky

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Agreed to forberance agreement with the understanding I would be able to refinance after 12 months. They continued to list me as in forclosure, preventing me finding funding.

After 18 months, paid all back payments and trumped up fees, forced insurance, yet still no refinance company would touch me because of their reporting practices.
Requests for account information was a long process with promises of credit repair within 90 days, which never happened.

As of today, have 25 months of ontime payments and current loan yet they report me as only having 3 months current.

My situation is critical as one late payment can result in forclosure within 30 days with no additional legal work on their part. My loan is only 42% Loan to Value at 10.5% interest so they would be getting a big equity chunk. Of course this is one of the loans they want to keep with today's loan rates.

How can they get away with this? They pray on people in trouble and with no additional money to fight them. We must band together to make a differance, before we all end up in a homeless shelter.

Warrensburg, New York
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This report was posted on Ripoff Report on 04/14/2004 09:29 AM and is a permanent record located here: 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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