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deniserich

40 Million dollars owed consumers

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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

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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

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