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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.


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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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Time 4 Justice

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The Battle with the Bank
Barry, a retired and divorced businessman, wanted to do something he had always dreamed of, buy and sell property. He had worked hard all his life building up a his capital, even after a generous divorce settlement that provided well for his wife (she would always be his wife) they both had a home to live in and funds to live.
He started out by purchasing a small home in Eagleby in the late 1990s and rented it. He followed this up with another and during this time he also purchased a block of land where he began building a new home for himself. Barry did well and always lived within his means, he was no dummy. He borrowed from the Bank in amounts that he considered affordable and utilised his own cash to manage his affairs in a well considered manner.
By October of 2005 Barry had accumulated a sizeable property portfolio consisting of eight houses. He also had mortgages totalling around $380,000.00 with nearly $400,000.00 in his cash management accounts. He had done very well for himself and managed his affairs prudently.
2006 was not good for Barry. He had health issues throughout the year and was in and out of hospital several times. A hip replacement in February, resulting in an infection, keeping him hospitalised for some months and again later in August, with the insertion of a pacemaker for his heart. Suddenly, in September, his oldest son Stephen passed away with a heart attack leaving him devastated at the loss of his first born. Also during this year the Banks mobile lending officer provided Barry with two new loans, to purchase four more houses, adding three quarters of a million dollars to his mortgage account. This was an extraordinary amount of money to lend to a man of seventy six, with a thirty year term for repayment, you might wonder who Barry’s doctor is to even suggest he may live to such an age. Not only did the Bank lend him an obscene amount of money but it also provided some investment advice, into its own scheme, totalling five hundred and eighty thousand dollars. This advice ended up costing Barry in excess of one hundred thousand dollars in losses by the end of 2007.
2007 finds Barry struggling with such a large repayment bill, intelligence tells him to sell some of his hard earned houses to write down the debt level to a point he was more comfortable with. He did so over the next four months before the Banks mobile lending officer again visited. Four visits within six months and a further two and a quarter million dollars was provided for Barry to purchase eight more properties. Barry now had a total debt of over three million dollars at the age of seventy seven and thirty years to pay it off, easy as pie says Mr. Mobile home loan lender of the year, our Bank service calculator says you can easily afford to do this.
It is hard to imagine that a man of this age can afford over a hundred and fifteen thousand dollars a year in interest payments to service these loans when he makes less than twenty thousand dollars a year after expenses. At this rate we could all be millionaires however, it is more likely we would be locked up for fraud and theft.
This brings me to the facts, the Bank saw the assets that Barry owned and proceeded to use deceptive lending practises to provide him with more and more money until he collapsed under the debt, no longer able to repay, the Bank would confiscate all his hard earned beloved properties that he had worked for and dreamed of, all his life’s work stolen by a collective group of disreputable Banksters.

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Denise Brailey has dedicated the past 20 years of her life to being a Consumer Advocate - a voice for the people and former President of RECA (Real Estate Consumer Association. She has helped thousands of investors and is currently President of the BFCSA (Banking & Finance Consumers Support Association). Denise was also awarded and presented with the Rona Oakley Award for Consumer Protection in 2010.


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