Fairway Consumer Discount Company

Takes money from your payment and says it’s only paying interest not your principle. $80,000 loan with home equity has only had $5,000 put on the principle in 6 years! At just under $1000 a month payment for 6 years, I paid $72,000 on a loan that was originally $80,000 and my principle is only down to $75,000. Where did this money go? They claim interest and taxes. How can that be that much at 9%? The money went In their greedy pockets. They are scamming people. I’ve read other reviews of them finagling paper work to try and cover themselves. They will find huge law suits in their future.

July 22,2014Dear [redacted] :I am in receipt of your letter dated July 18, 2014.Fairway Consumer Discount Co has been in business for over years, making and servicing loans for our neighbors and friends in Northeastern PennsylvaniaWe strive everyday to meet and exceed the expectations of each and every one of our customers.The making and servicing of loans is a highly regulated businessFairway places compliance with all Federal and state laws as its highest missionIn reference to the above complaint, I assure you that there are absolutely no irregularities with the customer’s accountEvery dollar is accounted for perfectlyEvery calculation has been performed in 100% compliance with the terms and conditions of the loan documents.However, this customer does have a particularly complicated situationI can understand how she has become confusedI deeply regret that her confusion has turned into such a high level of dissatisfactionThis is a situation that I would like to address personally.I urge you to ask the customer that filed the above referenced complaint to contact me directlyI will do my best to help the customer understand her situation better.Thank you for bringing this matter to my attentionThe Revdex.com provides a valuable service to consumers and business alike

July 22,2014Dear [redacted]:I am in receipt of your letter dated July 18, 2014.Fairway Consumer Discount Co has been in business for over 50 years, making and servicing loans for our neighbors and friends in Northeastern Pennsylvania. We strive everyday to meet and exceed...

the expectations of each and every one of our customers.The making and servicing of loans is a highly regulated business. Fairway places compliance with all Federal and state laws as its highest mission. In reference to the above complaint, I assure you that there are absolutely no irregularities with the customer’s account. Every dollar is accounted for perfectly. Every calculation has been performed in 100% compliance with the terms and conditions of the loan documents.However, this customer does have a particularly complicated situation. I can understand how she has become confused. I deeply regret that her confusion has turned into such a high level of dissatisfaction. This is a situation that I would like to address personally.I urge you to ask the customer that filed the above referenced complaint to contact me directly. I will do my best to help the customer understand her situation better.Thank you for bringing this matter to my attention. The Revdex.com provides a valuable service to consumers and business alike.

Review: I have taken out a loan w fairway financing march 2005, my loan agreement was made at an interest rate of 10%... my amount borrowed at the time of contract was $15,897.71 I n march 2005. I went to my local bank to refinance. they informed me that my payoff amount is $13,500!! in 2014??? my bank then looked further and seen that my a.p.r. is 11.29% NOT THE 10% I HAD AGREED TO. so I contacted fairway financing and asked for a copy of ALL MY PAYMENTS.... 2 weeks later I recieved them in the mail, NOT REALIZING THEY SENT ME A COPY OF ALL MY PAYMENT HISTORY ABOUT A YEAR AGO... I took both copies to my bank, THEY CALLED ME THE SAME DAY AND TOLD ME THEY WERE DIFFERENT!!! I WENT TO THE BANK AND THEY POINTED OUT ALL THE PAYMENTS THAT DIDNT MATCH UP! they also told be based on my agreement, my contract had been changed and they told me to get a lawyer A.S.A.P. I HIRED A LAWYER, he reviewed everything. he was dumb found himself, he said he NEVER SEEN SUCH NONSENSE AND HE TOOK MY CASE. my lawyer contacted fairway, after that, I received a call from the president of the company at 10pm... he warned me that if I take them to court, I will be PAYING NOT ONLY MY LAWYER BUT THEIRS AS WELL!! MY lawyer sent them a letter stating they are to have no contact w me, I received 3more calls from fairway asking me to COME TO AN AGREEMENT W THEM, LAWYERS WERE NOT NEEDED, AND OFFERED ME TO REFINANCE!!!! I have been paying on my mortgage for now 9years..... I couldnt afford to go on w my lawsuit because my lawyer was too expensive. he told me that this company has charged me 300% interest on my taxes they picked up for me... I paid them back. my payments started at $181.94 month for 120 monthly payments,, I am now paying $380.00 a month... the account number on my loan is also different!!?? please help.....Desired Settlement: I want my loan to nulled! its a big mess, I feel fairway offered me one thing and at the end took advantage...

Business

Response:

July 22,2014Dear [redacted]:I am in receipt of your letter dated July 18, 2014.Fairway Consumer Discount Co has been in business for over 50 years, making and servicing loans for our neighbors and friends in Northeastern Pennsylvania. We strive everyday to meet and exceed the expectations of each and every one of our customers.The making and servicing of loans is a highly regulated business. Fairway places compliance with all Federal and state laws as its highest mission. In reference to the above complaint, I assure you that there are absolutely no irregularities with the customer’s account. Every dollar is accounted for perfectly. Every calculation has been performed in 100% compliance with the terms and conditions of the loan documents.However, this customer does have a particularly complicated situation. I can understand how she has become confused. I deeply regret that her confusion has turned into such a high level of dissatisfaction. This is a situation that I would like to address personally.I urge you to ask the customer that filed the above referenced complaint to contact me directly. I will do my best to help the customer understand her situation better.Thank you for bringing this matter to my attention. The Revdex.com provides a valuable service to consumers and business alike.