mark
mckeesport,#2Consumer Suggestion
Fri, December 13, 2002
Fairbanks Capital Corp. Added $227.00 to my monthly mortgage without notice corruption Salt Lake City Utah My mortgage was sold to fairbanks from Equicredit,which I had been with for 3 years and never had a problem. As soon as they took over I got threatening lettters,exhorbitant late fee notices,and in a month foreclosure unless I paid over $1500 in mostly charges. I was lucky to have an escape in my 401K for foreclosure threats. Then in the process of trying to get my own insurance,they sent me a notice and said my insurance through them would cost $1200.00 a year,and only cover the house,no contents,this would cost me $106 a month. Then a month later i geta nother bill for $1400 that will be added to the monthly bill at a rate of $121 extra per month. This takes my little payment from $457 to $691 for the next year. I am paying $2600 for homeowner's insurance for a year. If I had my own I could pay $270 a year. My mortgage has not even been with Fairbanks for a year and I have already paid last years insurance in that threatening foreclosure letter. I am in the process of filing a complaint with Mike Fisher ,the PA attorney general.