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BFCSA
MORTGAGE
DISTRESS SOS

What BFCSA Does...

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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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 From My Window
So today is a bitter sweet day as FOS has today told me that they have found maladministration in my Line of credit that was issued to me as part of an property investment gone wrong. This was supposed to be a loan variation on my exciting CBA home loan that I only had for nine months previous to this. Even to this day the CBA has refused to hand over any LAFs in relation to the LOC or the home loan itself. You see, unbeknownst to me the sneaky broker had not only got me a LOC he even got me a whole new home loan! yes without me knowing he had arranged an entire new home loan that had the LOC attached to it. I did not ask for this as I had only just signed up with the CBA 9 months earlier and I didnt want to have...
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  • setup
    setup says #
    Lets hope the RC will bring that day to us soon kddeed.
  • kddeed
    kddeed says #
    Can't wait for the day when we can all get off the merry-go-round and get on with a normal stress free life
  • setup
    setup says #
    We're all on that pass the buck merry go round. No matter where we turn for help the door is always closed. These people are not h
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Posted by on in BANKSTERS
http://www.brokernews.com.au/news/breaking-news/newsletter-191172.aspx   BREAKING: Bank announces commission incentive       inShare by Adam Smith | 27 Aug 2014   A non-major has announced commission increases for its broker network.Bankwest has announced a new trail commission incentive for deals below 75% LVR. For a three month period, the lender will pay bonus trail while still paying 70bps upfront trail.The initiative sees the bank instituting year one trail of 5bps for loans up to $350,000, 10 bps for loans up to $500,000 and 15 bps for loans up above $500,000.“With rates as low as 4.74% p.a. (comparison rate 5.13% p.a.) for a loan amount over $750,000 and less than 80% LVR on our Complete Home Loan Package, Bankwest is growing its share of lower LVR business. Our Broker partners have been talking to me about the value of Year 1 trail, so I'm delighted we are able use this trial to test their appetite. The trial...
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Tagged in: $100 Billion in Toxic Lending $2 billion fraudulent Credit Cards Big Bonuses for Bank CEO's Clawbacks for Sellers Toxic Low Doc Loans
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Posted by on in BANKSTERS
Well looks like the Adelaide Bank is going to bankrupt me on the 22/09/14. I was served with  a notice just now saying this is what is going to happen. I dont know what to do. This was with FOS then they determined that this was better dealt with through COSL > tried to stop this from happening but FOS said there was no appeal on this and it had already been done. I have not heard from COSL at all until last Friday I got a voice mail to contact COSL , up until 4pm today I haven't been able to get anyone to answer. I have left several voice mail messages for this Nicola person.  I would think that my complaint with FOS was about the Adelaide Bank, and now FOS have said that this complaint is really about Barnes Home Loans that the Adelaide Bank goes straight in...
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Tagged in: $100 Billion in Toxic Lending Australian Crooked Bankers Protest each Capital City Sub Primers Fight Back
Recent Comments - Show all comments
  • setup
    setup says #
    Rob, don't give up. We are biding time for the RC. Once it is granted all their dirty laundry will be aired and open for the whole
  • setup
    setup says #
    Agree TJ the EDR's are the bank's servants not ours. and although they buy us time and keep the wolves from the door, the reality
  • Rob
    Rob says #
    Are you saying setup that no matter how much we fight to save our homes that it is to no avail, the banks will take our home anywa
  • TJ
    TJ says #
    You can be rest assured of one thing which consistently comes out of people's complaints to COSL and FOS and that is that neither
  • Aries
    Aries says #
    Adelaide Bank and the CBA are running neck to neck, it's just that no whistleblower has come forward with evidence of corruption w
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