Fairbanks Capital Corp
Using attorney letters to get a payoff and avoid foreclosure

How to beat Fairbanks.

I beat Fairbanks, and you can too.

Find a local attorney and talk to that person or an assistant about mailing your payments with a slip in the attorney's stamped envelope. These letters go to the legal department. Results happen!

I was transferred back to Fairbanks in 9/02. I was beginning to refinance. I called Countrywide and was told about the transfer. I read about Fairbanks, told my wife, and began the fight.

I called and called to get a payoff and an invoice for my payment. I was left hanging for a week or two, so I contacted my attorney friend and hired his assistant to mail my check with a return receipt request. He charged me $50 a letter. Well worth it. They mailed my check with a note stating that I was also requesting a payoff statement. I was called back by Fairbanks within 2 days, and they couldn't have been more helpful that day. My 5-day payoff was ordered, and within a couple of days my payment slip came, and I did the same thing again.

I was called back by a "supervisor" and asked why I was doing this, because these letters go to "Legal" and not to "Payment". I was told that I should be sending my payment in the proper envelope or I could risk late fees or, even worse, the loss of my home. Now remember, I had only been with Fairbanks less than 1 month, and I was being threatened for sending my payment early in a different envelope. The address was the same as on the payment envelope. I asked him his name and phone extension.

I purchased a telephone recorder on the advice of the attorney.

I paid another $50 and sent a letter to Fairbanks. The letter explained this gentleman's name, phone extension and potentially threatening comments. Within 2 days a person claiming to be an attorney for Fairbanks called me to help me in any way she could to get my payoff total.

I made my payment on attorney letterhead.

After 1 week my check had not cleared, so I called Fairbanks and got threatened about my form of payment and told that if I did not send my payment in the proper envelope, it would be returned.

I called my attorney, who sent a letter to Fairbanks with a CD copy of the "harassing" phone calls, sent to the Fairbanks attorney, and an e-mail to the same person with the sound attachment, with a CC to the attorneys general of California and Utah.

Fairbanks called with a payoff amount in 2 days and sent my worksheet to the new lender. My home was paid off, and in the end Fairbanks had to send me a check because they tried to keep an extra month of interest. Had I not kept up my legal representation paper chase, I would have lost my home.

I received a letter from the California Attorney General's office explaining that Fairbanks is trying to steal homes by charging fees, past posting, not posting and other sordid illegal practices. The letter also said I was one of the lucky few to get away from Fairbanks, because most end up losing their home or never paying it off.

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

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