Fairbanks Capital Corp
Balance grew from $51,000 to $64,000 after bankruptcy plan fees

I have had problems from day one, when this company was ContiMortgage. At the time I had two mortgages and went to Rock Financial, which at the time was processing loans for ContiMortgage.

My loan was FHA at 7%, and when I was late they told me that if I didn't sign I was going to be foreclosed on. The mistake at the time was that I didn't have a lawyer, which they told me wasn't necessary. So I signed, and now I was paying more than my income could support at the time. Then they changed to Fairbanks and I can't get them to give me a complete pay history. What started out as a $51,000 balance has gone to $64,000, and I just found out it is a balloon note, which I was not told about.

I had to file bankruptcy and they put me in a forbearance plan, which is how all those fees for their lawyer got the balance to $64,000. They are saying they are going to review me for 6 months, and after that they want me to pay $900, up from $530, to cover fees and late payments.

I have been trying to find someone who can refinance this and it's hard, because most don't want to because of the things Fairbanks put on my credit report. They didn't even report that I have been paying them since 1999.

Harv
Toledo, Ohio

Company: Fairbanks Capital Corp
Country: USA
State: Utah
City: Salt Lake City

  <     >