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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: Dear JOSH I have cancer aged 83. My lovely husband aged 86 will have to pay the mortgage on single pens # 30

Posted by on in ROYAL COMMISSION INTO ASIC NEGLIGENCE
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Dear Mr. Frydenberg,

 STERLING LIFE GROUP COLLAPSE AND CRIMINAL NEGLIGENCE BY ASIC

 I am writing to you to appeal for your help in recovering the whole of the money stolen from us by the above named criminals. 

 My husband and I paid a deposit on one of Sterling New life units on 11th November 2016, with the proviso of giving 6 months notice at any time to receive a full refund. We gave 6 months notice on the 20th of July 2017. 

 Since we sold our home in Tasmania to take on the Sterling New Life unit, we had no money to buy a another house. We rented one of Sterling's properties for $305 a week over a period of 7 months, whilst we tried to obtain a mortgage. My husband is 86 years old, and I am 83 so this seemed impossible. 

Eventually in May 2018 we obtained a mortgage by borrowing from the bank and others. Unknown to me the time, the enormous stress had caused me the start of ill health. Diagnosed with Stage Four advanced liver cancer, I now have approximately 4 months left to live. 

My big worry now is that my lovely husband of 63 years will have to pay the mortgage  on his own, with just his single persons aged pension. We need our money from the crooks to pay our mortgage debt. Please help us.

 Yours sincerely,

 

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Guest Monday, 16 September 2019