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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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Denise Brailey

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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BFCSA: Denise Brailey on ABC Qld Radio this morning 8.30am

Posted by on in ROYAL COMMISSION URGENT
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In response to Andrew Burrell's story of courageous Alannah in THE AUSTRALIAN today.

Start ringing radio stations around Australia.  Mainstream is at last listening to YOU and your concerns about banks in Australia and is it the same as America!

This has been building up since our work in the Senate.

Main issue: LOW DOCS – toxic unaffordable loans – 85% major banks – fraudulent LAFs – shredding and missing documentation – well over $50 billion in similar Low Doc lending – no funds for people to defend in court if mired in debt – buffer loans to intentionally mask unaffordability – use of service calculator as a secret weapon.  Yes, some toxic FULL DOC Mortagge Loans as well.

 GO FOR IT!    I have worked ten years on this scandal - giving evidence to two senate inquiries and calling for ROYAL COMMISSION into Major Banks and all other lenders involved – now its your turn to speak out.

 

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  • Duped
    Duped Tuesday, 12 August 2014

    Duped

    Yes Denise, all these loans were wacked through and granted in the name of mega profits for the banks and get stuffed to the lender if you were gullible enough to trust the banks and their agents. All during this process the banks knew the lender was doomed and would end up losing everything ever earned plus the family home. It's the fraud and forgery on the loan application forms that bewilders me and the hopeless regulators that allowed it to continue knowing that it was one huge scam. If we had done that to the banks we would be in jail. It's not too late!!!!!!

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  • setup
    setup Tuesday, 12 August 2014

    Another targeted pensioner to become homeless due to banking malpractices. When will it ever end and i wonder if victims will retrieve their losses if and when a Royal Commission is granted.
    Victims are living the worst nightmare imaginable on earth caused by well organised and deliberate criminal banking groups.
    The lifestyle of peace and tranquility expected in later years has been stolen from the sufferer.
    This is not how it should be or what is deserved in any stage of life particularly in the later years.
    Bring back nationalisation of all banks to stop these horrendous riots and rip offs. Privatisation spells disaster.
    Bring on the Royal Commission with the widest terms of reference.

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