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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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BFCSA: Low Doc Scandal escalates after revelations in 2003 - 2012 in the Senate

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Australia's subprime mortgage crisis

12 August 2014 , 10:37 AM by Gabrielle Burke

Do you remember the subprime mortgage crisis in the United States that left so many people in trouble a few years ago? Think it could never happen here?

Well, it is. Many Australians are now facing financial difficulties after signing contracts for low-doc loans.

Denise Brailey has warned against such loans. She is from the Banking and Finance Consumers Support Association.

» Pensioner represents tip of $100bn sub-prime iceberg: advocate – The Australian, 12th August 2014.

» Australia’s subprime mortgage crisis – The ABC, 12th August 2014.


» The Investors Club, renamed as Property Club, sued by couple claiming they were misled into taking out $1 million in loans – The ABC, 12th August 2014.   Yes many more TIC victims coming in from the cold  This email address is being protected from spambots. You need JavaScript enabled to view it.

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  • PreySOS
    PreySOS Tuesday, 19 August 2014

    More effective government strategy and action and is essential to stop further dangerous development.

    More effective government strategy and action and is essential to stop further dangerous development.

  • setup
    setup Wednesday, 20 August 2014

    Stay clear of low doc loans. They are dangerous and can ruin lives to the point of total financial destruction.
    Knowing what i know now after becoming trapped in this corrupt banking system i would advise everyone to hold off taking out any loan until this mess can be cleaned up. The banks/lenders have no regard whatsoever for anyone's affordability or financial wellbeing.

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Guest Monday, 30 November 2020