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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 a 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 threateening foreclosure letter.