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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: COSL has anyone had a pleasant experience with Credit Ombudsman? No-one?

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The only ones it seems that benefit from COSL is their NON BANK LENDER Members.

Look at Banksia Securities!!!!  To be fair we are on the hunt for one - just one satisfied complainant.

Our suggestion: Do not trust the NON BANK LENDERS as there is no protective mechanism to resolve issues.  The EDR appears to be hopelessly compromised but, perhaps a Royal Commission into the Banking & Finance Sector will expose why the neglect of legitimate consumer complaints has been permitted to languish for past two decades.

Please tell us if you have had a good experience with FOS......we would be fascinated to hear from you.

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  • doyla66
    doyla66 Tuesday, 13 November 2012

    Good question, last-laf. Where is the payoff for them?

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