Fairbanks Capital
Payment Rose From $420.56 to Over $500 After Second Loan Was Sold

We bought our first home in May. YEAH! We are financed through an 80/20 loan. Our 80% portion is carried by a different company than our 20% loan. Our 20% loan is carried through Fairbanks Capital Corp. Through the last year the 20% loan carrier has switched (or been sold) about 5 times. Recently our loan was sold to this Fairbanks Capital Corp.

We were told our payment of $420.56 could not be raised for a period of three years and was locked in until we refinanced in what we had hoped would be 2 years. Well, lo and behold, suddenly our payments have risen to over $500.00. I happened to be searching for the Fairbanks phone number online to question the new charges and read "Fairbanks Capital Corp RIPOFF".

As I type this my stomach has sunk and my heart is racing. I read each of the over 300 entries and I must admit that we are in an absolute panic. We do not have the money to just succumb to this. We have 5 children and we are all so proud of FINALLY being able to buy our own home.

I am writing this to offer support to those in the same battle and to ask for advice and help. Ultimately, I would like to see my loan sold TODAY to another company. I would love to hear any suggestions. I am contacting our lawyer through Pre-paid legal and our original mortgage broker for help. Any other support of advice would be greatly appreciated and welcomed open heartedly!
Thank you.

Company: Fairbanks Capital
Country: USA
State: Utah
City: Salt Lake City
Address: 3815 SW Temple
Phone: 8008338203

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