BFCSA Blog

Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

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Posted by on in Fraudulent Loan Apps
To the film crew that attended my home yesterday. I would like to say thankyou sincerely for the manner in which you dealt with my Mother and myself yesterday. In what I thought would be a very nerve wracking and confronting experience; it was the exact opposite. The professional behaviour of the entire crew and the comfortability that the wonderful Reporter created for me to be able to share my experience was very much appreciated. Hoping that my story can help all of our cause and hoping that if anyone out there who hasn't found the strength to come forward due to fear of reprisal sees that they are not alone in this fight for the truth and a stop to this illegal activity by the banks.  Need to hear from any member that knows if we are at the place of sending the freeze my loan documents- I have had my...
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  • doyla66
    doyla66 says #
    Hi Denise, hope you are feeling better very soon. To all members, whilst we are all very anxious about our individual cases we mus
  • doyla66
    doyla66 says #
    Hope you are feeling well soon Denise. You need some rest and you certainly have earned it. xo
  • doyla66
    doyla66 says #
    Hi to all you caring members, Denise is really exhausting every fibre of her being into such a draining and non stop fight for jus
  • doyla66
    doyla66 says #
    Hi nevergiveuphope, thank you for sharing your experience. Denise was the first person who mentioned freezing my account. I didn't
  • doyla66
    doyla66 says #
    Thank you for being so brave and telling your story re the TV Crew..it is appreciated by all of us! We are all trying to do our bi
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Posted by on in Fraudulent Loan Apps
tweeted paulmurray skynews last nite...the only thing he mentioned just now was westpac and elderly lady...and with a joke as in banks can b .......well we r here to say banks are more evil than they just portrayed !!eeekkk...
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  • doyla66
    doyla66 says #
    As scarey as our situations can be at times, I'm trying to remember that Banks are paper tigers. We can and we will expose them fo
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Posted by on in Fraudulent Loan Apps
If you want to follow my tweets (BFCSA, banking, mortgage fraud, financial and regulator issues, non-partisan politically) my Twitter address is LisaMar83906244  I'd you want me to follow your tweets please DM. I'm been working on raising interest in both the BFCSA and the Senate Banking Inquiry. Would love your assistance with this activity if you have time. Thankyou Lisa    ...
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  • Denise
    Denise says #
    Thanks again Lisa It appears to be all hands on deck and well done to all who have assisted me and especially to "Bobbi" who broug
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Posted by on in Fraudulent Loan Apps
The Australian page 6 - Anthony Klan reporting on the Senate hearing says senator John Williams has called for a royal commission into the banking sector following evidence of widespread improper lending practices......."If only 10 percent of what comes in to my office is true we have a problem and we should have a royal commission" Senator Willaims told the enquiry..... Senator Williams "one 98 year old was lent $440,000 and given a 30year loan secured against her home.  I call that bloody disgraceful" ....  ...
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  • doyla66
    doyla66 says #
    Hi All, Type the flwg link www.theaustralian.com.au into your internet browser when the site comes up on the right hand corner t
  • doyla66
    doyla66 says #
    Hi Lisa, how do i get this free 28 day pass - could you explain a little more about it. Thanks!!
  • doyla66
    doyla66 says #
    Thank goodness that a Senator has called for a Royal Commission into the lending practices of the banking sector - let the games b
  • doyla66
    doyla66 says #
    If you haven't done it already it's worth getting a free 28 day pass to read the reports by Anthony Klan in The Australian.
  • doyla66
    doyla66 says #
    Thanks, wendee, I was looking for media reports on yesterday's events.
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Posted by on in Fraudulent Loan Apps
Banks cheated on home loans, inquiry told From:AAP  August 08, 2012 4:41PM Increase Text Size Decrease Text Size Print Email Share    1   AUSTRALIAN banks have been accused of giving home loans to people who can't afford them, and doctoring the paperwork so the loans looked OK. A consumer advocate has told a Senate inquiry into the banking sector this has serious implications for the federal government, which has invested billions of dollars in residential mortgage-backed securities (RMBS), which are repackaged home loans. Banking and Finance Consumer Support Association president Denise Brailey said that in the past six weeks she had seen low-document or no-document loan applications from 400 people, and each one had been tampered with after being signed. "Not one of them is a clean document," Mrs Brailey told the inquiry in Canberra on Wednesday. In some cases, the loan application documentation showed someone on $40,000 a year...
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  • doyla66
    doyla66 says #
    Well done guys that is exactly the kind of publicity we need to get in order to get some more public awareness. Lets hope the stor
  • doyla66
    doyla66 says #
    ASIC have to awake up or close down!!! they seems not doing much,,,, I am glad that i e-mailed to Brisbane Courial Mail as well a
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Posted by on in Fraudulent Loan Apps
Banks Cheated on Home Loans, Enquiry Told Herald Sun 4.41pm Wed 8th August AUSTRALIAN banks have been accused of giving home loans to people who can't afford them, and doctoring the paperwork so the loans looked OK. A consumer advocate has told a Senate inquiry into the banking sector this has serious implications for the federal government, which has invested billions of dollars in residential mortgage-backed securities (RMBS), which are repackaged home loans. Banking and Finance Consumer Support Association president Denise Brailey said that in the past six weeks she had seen low-document or no-document loan applications from 400 people, and each one had been tampered with after being signed. "Not one of them is a clean document," Mrs Brailey told the inquiry in Canberra on Wednesday. In some cases, the loan application documentation showed someone on $40,000 a year was earning closer to $180,000. She claimed this had occurred under...
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  • doyla66
    doyla66 says #
    Keep the pressure on, write to your local Memebr demanding a Royal Commission into Banking
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From Sydney Morning Herald 8/8/2012   Australian banks have been accused of giving home loans to people who can't afford them, and doctoring the paperwork so the loans looked OK. A consumer advocate has told a Senate inquiry into the banking sector this has serious implications for the federal government, which has invested billions of dollars in residential mortgage-backed securities (RMBS), which are repackaged home loans. Banking and Finance Consumer Support Association president Denise Brailey said that in the past six weeks she had seen low-document or no-document loan applications from 400 people, and each one had been tampered with after being signed. "Not one of them is a clean document," Mrs Brailey told the inquiry in Canberra on Wednesday. Advertisement In some cases, the loan application documentation showed someone on $40,000 a year was earning closer to $180,000. She claimed this had occurred under the guidance provided by banks to...
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  • doyla66
    doyla66 says #
    Such a bad news given, I just don't get it! Why do these banks have to cheat when they already know that entering into such busine
  • doyla66
    doyla66 says #
    Are we being told when the media interviews are on?
  • doyla66
    doyla66 says #
    Yeah!!! Words getting out in the media!
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  MEDIA CONTACTS:   A CURRENT AFFAIR: http://aca.ninemsn.com.au/feedback.aspx TODAY TONIGHT http://au.news.yahoo.com/today-tonight/contactus/suggest-a-story  SA Adelaide Advertiser newspaper This email address is being protected from spambots. You need JavaScript enabled to view it. QLD Courier Mail newspaper This email address is being protected from spambots. You need JavaScript enabled to view it. QLD MX Brisbane newspaper editor This email address is being protected from spambots. You need JavaScript enabled to view it. QLD MX Brisbane newspaper This email address is being protected from spambots. You need JavaScript enabled to view it. QLD NOVA 1069 radio This email address is being protected from spambots. You need JavaScript enabled to view it. ACT 2CA radio This email address is being protected from spambots. You need JavaScript enabled to view it. ACT 2CC radio This email address is being protected from spambots. You need JavaScript enabled to view it. ACT AAP newswire newsdesk This email address is being protected from spambots. You need JavaScript enabled to view it. ACT AAP newswire reporter This email address is being protected from spambots. You need JavaScript enabled to view it. ACT Canberra Times newspaper opinion editor This email address is being protected from spambots. You need JavaScript enabled to view it. ACT Canberra Times newspaper editor in chief This email address is being protected from spambots. You need JavaScript enabled to view it. ACT Canberra Times newspaper reporter This email address is being protected from spambots. You need JavaScript enabled to view it. TAS The Mercury newspaper This email address is being protected from spambots. You need JavaScript enabled to view it. VIC 3AW radio presenter This email address is being protected from spambots. You need JavaScript enabled to view it. VIC 3AW radio presenter This email address is being protected from spambots. You need JavaScript enabled to view it. VIC 3CR community radio This email address is being protected from spambots. You need JavaScript enabled to view it. VIC AAP newswire newsdesk This email address is being protected from spambots. You need JavaScript enabled to view it. VIC ABC TV/radio/online This email address is being protected from spambots. You need JavaScript enabled to view it. VIC ABC TV/radio/online John Faine show This email address is being protected from spambots. You need JavaScript enabled to view it. VIC AFP newswire newsdesk This email address is being protected from spambots. You need JavaScript enabled to view it. VIC Herald Sun newspaper newsdesk This email address is being protected from spambots. You need JavaScript enabled to view it. VIC Herald Sun newspaper opinion editor This email address is being protected from spambots. You need JavaScript enabled to view it. VIC MX Melbourne newspaper editor This email address is being protected from spambots. You need JavaScript enabled to view it. VIC MX Melbourne newspaper This email address is being protected from spambots. You need JavaScript enabled to view it. VIC Nine TV newsroom This email address is being protected from spambots. You need JavaScript enabled to view it. VIC NOVA commercial radio Jeff...
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  • Timothy J Dawson
    Timothy J Dawson says #
    Facs from Maitland have no idea what they are doing they have taken my child that's never |very had a hand on her and that was ver
  • doyla66
    doyla66 says #
    Blessings everyone. xo I would like to thank Matt whose site made it possible to place the immediate media contacts I was able to
  • doyla66
    doyla66 says #
    Thanks a million. I spent some time going to different newspaper websites and trying to figure out how to send a press release -
  • doyla66
    doyla66 says #
    Sending...thank you for your trouble as having 5 kids and working 5 days i had begun and kept getting interrupted...so thankful fo
  • doyla66
    doyla66 says #
    So sad every email I sent out bounced back. Something wrong with the addresses. Can Truth exposed do a new list please.
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Posted by on in Fraudulent Loan Apps
Hi , the press release has been sent to 2GB, Mix 106.5, 2DayFM in Sydney, tonight.
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Posted by on in Fraudulent Loan Apps
5 people so far have sent the Press Release to the Media. Add your efforts where they can count.  The next 24 hours is crucial!    So copy and paste the Press Release below into an email and send to 3 media outlets in your area.  We can create an avalanche of awareness.  Don't worry about possible duplication, it is the numbers that count!  Add yours to the comments list below the Press Release!!  Come on Friends and Members of BFCSA!    It's up to us to support Denise with a combined effort!  ...
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  • doyla66
    doyla66 says #
    AS well as sending off emails to all on Truth Exposed's media list I have ALSO posted on Kochies' website, Alan Jones website, Fra
  • doyla66
    doyla66 says #
    COURIER MAIL (NEWS) PRESS RELEASE SENT
  • doyla66
    doyla66 says #
    Confirming I have now sent to aca.
  • doyla66
    doyla66 says #
    Now sent to Fairfax community newspapers and also cumberland community newspapers. Will now contact aca. Let's keep going. ox This
  • doyla66
    doyla66 says #
    I did reply here but it didn't post. So i hope this won't be a repeat. I have sent to the NSW herald, NSW ABC TV/RADIO , telegraph
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Posted by on in Fraudulent Loan Apps
FOR IMMEDIATE RELEASE: Attn: ALL BFCSA members and friends Please copy and paste the Press Release below, into a fresh email and send to three (3) newspapers in your local area: 1) Your main newspaper like Herald Sun, The Age, Sydney Daily Telegraph etc 2) Local suburban paper like Geelong Herald or Newcastle Advertiser 3) Community newspaper like the 'Leader' or other. If you want to also send it to one local radio station and one local television station, we can some create some REAL IMPACT to back up Denise's work at the 'front line'.   Then add those email addresses as a new "Comment" at the end of this blog.  That way we can track which outlets got the release. So COPY, PASTE, SEND and COMMENT with email addresses :-) ~~~~~~~~~~~~~~~ FOR IMMEDIATE RELEASE:  Consumer Group Reveals Banks Still Continuing to Profit From Fraud  PERTH WA.  It’s no secret that...
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  • doyla66
    doyla66 says #
    I hope this is ok. Senator Nick Xenophon The Greens The Punch Kyle Sandilands Your Investment Property Magazine Nila Sweeney edit
  • doyla66
  • doyla66
    doyla66 says #
    I've emailed a copy of the Press Release to both Tony Abbott, seaking his personal help and to the Liberal Party. I trust they rea
  • doyla66
    doyla66 says #
    Here are some more media contacts, I found from Matt's site. I have sent to the Herald, telegraph, and these emails which you can
  • doyla66
    doyla66 says #
    MEDIA RELEASE - DISTRIBUTION EMAILED (sorry - I didn't list the Business Names as I went through looking for the email addresses)
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Posted by on in Toxic Mortgage Loans

Has anybody come across "ACCORD and SATISFACTION" as a means of getting rid of mortgages? There is quite a bit of case law here in New Zealand and there is an Australian barrister, Stephen Warne who has written extensively about it on his blog  Check out "lawyerslawyer.net/.../accord-and-satisfaction-as-a-defence-to-a-suit-for-taxation"

A GOOGLE seaarch brings up interesting stuff. Here is what I found on Wikipedia

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  • doyla66
    doyla66 says #
    Thanks, Geoff. It sounds like the legal equivalent of a negotiated settlement. Is that what it is in your opinion? I have heard o
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Posted by on in Toxic Mortgage Loans
Has anyone heard of this company or indeed has invested funds with them please?  Could also be Kiwis in this one. This email address is being protected from spambots. You need JavaScript enabled to view it.
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  • doyla66
    doyla66 says #
    Just checked the NZ companies register. Delphi Financial Services NZ Pty Ltd has been "struck off" the register. http://www.busin
  • doyla66
    doyla66 says #
    Thankyou for posting that, Denise. This could be a wide ranging domino effect meltdown in small investment trusts in Australia,
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Posted by on in Toxic Mortgage Loans
This mysterious company has just risen from the ashes of people's heartbreak.  Have Kiwis heard of them? Have your received a letter to say your mortgage has been transferred? Who has any current dealings with this mob?  I would love to know more....... This email address is being protected from spambots. You need JavaScript enabled to view it....
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  • doyla66
    doyla66 says #
    Anchorage is part of the national Australia bank
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Posted by on in Toxic Mortgage Loans
Hi, to all members, just wondering if there is anyone else here with a Full Doc Loan, and if so what have you found out about your LAF etc?
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  • doyla66
    doyla66 says #
    My loan was done by a broker for a RAMS/RHG loan.
  • doyla66
    doyla66 says #
    mine are full doc loans & full of errors.....biggest errors in all our loans is that they havent included any or all of our liabil
  • doyla66
    doyla66 says #
    Our loan has a history of 19 years that started with a full doc and was refinanced initially for an extension and then again due t
  • doyla66
    doyla66 says #
    Hi Weknow, like John asked, was your loan issued to you by a bank or a private lender? I had my loans issued to me by private lend
  • doyla66
    doyla66 says #
    Yep 2 years out of court and 8 months in court, found errors in my LAF, have you a full doc?
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Stay watching.....
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  • doyla66
    doyla66 says #
    Hi Lisa, Thank You for your kind words. FOS say Westpac have a case to answer, but somehow I don't trust them after reading some b
  • doyla66
    doyla66 says #
    ASIC would have to be a complete waste of Federal funding (taxpayer provided). Over the years they have continually divested & dev
  • Denise
    Denise says #
    ASIC are a waste of space in my opinion. 8 years ago we staged a protest outside every office of ASIC in Australia. Perhaps its
  • doyla66
    doyla66 says #
    That's fabulous - a card table outside ASIC! I've had several dealings with "Fair Trade" and small claims over for a misrepresent
  • doyla66
    doyla66 says #
    No surprises realy we all had a humane knowing banks were crooks but thanks to people like Denise they are being exposed for the r
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Posted by on in Fraudulent Loan Apps
Anthony has written another two main feature stories on these issues as the awful truth continues to unfold.  So much more to be revealed. We suggest you obtain a copy of the Wednesday Edition in particular. Do not miss the next few days.  ...
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Posted by on in Fraudulent Loan Apps
I gave an interview with 2SM radio this morning. More media stories being written by various outlets today Denise
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Posted by on in Fraudulent Loan Apps
One investor has written tweets on the subject of banks and the movement we envisaged has really taken off, including ex pats in Indonesia who have been caught by bad lending practices. We will be keeping our members posted on this latest development.  Thanks RB....
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