Tell us has your experience with this business or person been good?
Fairbanks Capital misinformation delays lies about payoff info on home, foreclosure looming and no cooperation from FC Salt Lake City
I got behind in my mortgage payments and attempted to deal with Equicredit to resolve things.
Got the run around. Then I began getting letters from Fairbanks Capital attempting to collect the debt. It took me 2 months to finally get a payoff and another two weeks to get the amount it would take to catch up the loan. By then the house was scheduled for a foreclosure sale on June 6, 2002.
Today, 5.9.02, I talked to the representative in an attempt to work out some sort of agreement so I could keep my home. He said that Fairbanks was only a dept collector and didn't make any changes on loans, interest rates, etc.
I faxed him a letter I got from Fairbanks quoting me a different interest rate and loan payment that what he was indicatiing and he is supposed to call me back to discuss this.
I also have now received in the mail a notice from Fairbanks that my loan has been changed to a lower interest rate, with no cap on the loan (this was not discussed with me, and I was told they didn't do loands). Also, I received a letter saying that they had no proof in insurance on the property and that they added almost $200 onto the payment for the insurance. I need to do somehting so I don't lose my house on June 6, 2002.