deniserich Posted December 30, 2004 Report Share Posted December 30, 2004 This speaks volumes as to why monthly statements are so necessary!! Check out the complaint, most specifically, #15 on...exactly what I have been speaking about!! Fairbanks Capital is paying $40 Million to consumers for illegal loan servicing. http://www.ftc.gov/os/2003/11/0323014comp.pdf see actual complaint as well...at: http://www.ftc.gov/bcp/conline/edcams/fairbanks/ FAIRBANKS CAPITAL CORP. SETTLES FEDERAL CHARGES OF LAW VIOLATIONS Settlement results in $40 million for consumers harmed by illegal loan servicing practices ---------------------------------------------------------------------------- ---- Fairbanks Capital Corp. has paid $40 million to resolve FTC and HUD charges that it engaged in widespread loan servicing abuses. The settlement will provide refunds to consumers whose loans were serviced by Fairbanks between January 1, 1999 and December 10, 2003. The deadline to submit claims was April 24, 2004. Please sign my petition to allow us to verify through the benefit of a monthly statement how our payments are being applied. http://www.ipetitions.com/campaigns/monthlystatements/_________________Denise Richardson Hollywood, FL deniserichardson1@netzero.com Link to comment Share on other sites More sharing options...
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