Report: #172495

Complaint Review: SPS Aks Select Portfolio Servicing

  • 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

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.

Martin, Georgia
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This report was posted on Ripoff Report on 01/20/2006 07:14 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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