Fairbanks Capital Corp
Bogus fees and lost payments despite repeatedly faxed proof of insurance

Business & Finance

What my family has been going through with Fairbanks is the same as everyone else here. They pull bogus fee's out of thin air, hold timely payments, apply them late so that they can collect late fee's and attempt to justify the various other ridiculous fee's they then charge on top of it. They apparently have no proof of ANYONES insurance, no matter how many times you fax it, your insurance company fax's it, your lawyer fax's it, your state senator fax's it. Ect ect. They've "lost" payments, misapplied payments, you name it. Anything to make you appear in default when you are not.

Somehow I managed to rack up $400 in "late fee's" in one month, according to Fairbanks, despite paying my mortgage on time every month. Today when I asked why their insurance department shows having proof of insurance yet they still are charging me for it, I was hung up on. It just blows my mind that this corrupt company hasn't been shut down yet. My advice to everyone here is to complain and keep on complaining to every government official you can contact. Your state listings are in your phone book. Eventually somebody HAS to listen. If they don't, keep complaining until they have no choice.


Company: Fairbanks Capital Corp
Country: USA
State: Florida
City: Jacksonville
Site: fairbanks.com
  <     >  

RELATED COMPLAINTS

Fairbanks Capital Corp
Late Fees Charged and Insurance Forced Despite Existing Coverage

Fairbanks Capital Corp
Homeowners Insurance Paid 26 Days Late From Escrow, Causing Coverage Lapse

Fairbanks Capital Corp
Seeking Kansas Participants for Class Action Over Misapplied Payments

Select Portfolio Servicing
Escrow and Hazard Insurance Charged After Class Action Settlement

Fairbanks Capital Corp
Payments posted late and coupons arrive after grace period

Gmac Mortgage
Ripoff

Fairbanks Capital
Reported late eight times despite on-time payments; wrong payoff statements

Fairbanks Capital Corp
Payments Misapplied, Insurance Added and Late Fees on Two Mortgages

Fairbanks Capital Corp
Late Fees, Inspection and Insurance Charges and Higher Mortgage Rate