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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: Global Bank Toxic Loan Scam. Bank Engineers shame: NO LAFs provided to victims Worldwide: NONE!!!

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At last the secret of TOXIC Time Bomb Loans can be revealed.   Worldwide bad bank practice:   NO victim of Mortgage Fraud and Unaffordable Loans  received a copy of their Loan Application Form whether they were granted a FULL Doc or LOW Doc loan.  36% of loans in our recent sample are written by bank managers and NO Broker involved.  18% of all loans are TOXIC FULL DOCS.

Every victims of this scandal should immediately phone their bank and demand a copy of the LOAN APPLCIATION FORM (11 pages not 3 pages) in all countries and nations affected by this Bankster driven fraud.  Our overseas callers are astounded when we ask the key question:  Do you have a copy of your LOAN APPLICATION FORM that you signed when you applied for the loan in question.  Australia is a good five years behind the GFC caused by toxicity in lending.  Yet, we are the first country to discover the mechanics of the fraud.

Banks must hand over this vital evidence as it is the document that YOU are entitled to as it contains YOUR SIGNATURE.   Als9o we suggest you demand all banks hand over the dreaded SERVICE CALCULATOR which the Banksters engineered as a computer calculator for bank managers and brokers to use the fudged figures that the BANK CALCULATOR devised....showing YOU as earning $200,000 per year or equivalent and not the average $40,000.

Its Bank Scams for Dummies.......   we suggest you demand a copy of the two page Service Calculator printout and worksheet.  If Banks have nothing to hide then why not hand over?  We are entirely sick of the nonsense these global parasites have dished up to hapless consumers.  All regulators were bleating that "we have wonderful consumer protection....."  yet all the while the regulators or corporate cops - all members of the New York based were protecting their Banker Mates.  The current Chief of IOSCO is Greg Medcraft, the darling of the global securitisation movement, 

We simply cannot trust Banks, any more than our descendants could in the 1770's!  We cannot trust political will to rescue the stolen assets and booty.  The United States cannot claim they are any fact dig deeper and you will; find the US has been bilking the vulnerable American people who believe in the "Dream,"  and flooding the banking sector with bank scams for over a century.

These loans run into the Trillions of whatever currency........................the markets are flooded with these sub prime loans.  For those who disbelieve: look at the NEWS FLASH Banner at top of page and click on some of our document files.

Ring YOUR BANK tomorrow - demand the copies of your LAFs and your service calculator - in fact the entire file the bank relied upon to APPROVE your dirty loan and then let me know the Bank's response by email  and I will GIVE YOU THE CLUES on what to do next. 

  Denise Brailey     This email address is being protected from spambots. You need JavaScript enabled to view it.


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  • doyla66
    doyla66 Sunday, 15 September 2013

    The LAF is an integral part of the loan application scenario and must be signed by all applicants if the case is multiple applicants.
    No LAF, No Loan. Simple as that. No consideration for funds would be considered by the Lenders without this vital document regardless of whether there have been alterations or not. This is the starting point for the assessment process. Privacy is not an issue when requesting these files because your signature/s is/are there in black and white end of story. Write to the CEO of the bank requesting his/her help, fill in an online feedback/complaint requesting the documents. Most banks have these online services.
    In our situation Nab did not have a completed LAF from the Broker nor did Nab complete their own LAF. Nab just went ahead and made an offer for a business loan on the recommendations and business plan of the Broker involved. We never requested the Broker to act on our behalf. We never signed any authorities. Sounds strange doesn't it, but was a complication of a Franchise type business being purchased arrangement. You may ask why did we go ahead with this loan offer. The answer to this is because we had faith in the Nab and their ability to appropriately assess the viability of the business. Obviously we were wrong. Nab were and are driven by greed. Of course the Broker received a nice fat commission from Nab. The Broker misrepresented Sales figures by hundreds of thousands of dollars making it seem a pretty sound proposition for Nab to jump into. Nab accepted his word on all figures and even commented in documents that they had full trust in his business plan and reputation. It is important to note that we the so called suckers knew nothing of what was being manipulated between Nab and the Broker behind our backs. Nab never made direct contact with any of us. Everything discussed and passed back and forth was between the Nab and the Broker. The Broker passed on private and personal information to Nab although he had no authority to nor did we know about again. Very deceitful and totally unprofessional called fraud I believe. And yes guess what was to be the security, our home of 42 years. Nab then had the property valued by some guy totally removed from the consequences inflicted by drought and how the area was suffering. This lame brain then overvalued the property by $150K which would have given Nab the satisfaction that the loan would have been covered by the sale of the property as an escape goat. Now that doesn't half sound fishy does it. More collusion. But and this is a big but, Nab have fallen on their sweet bitty butt and now look fools. Yes, they have taken our home and will now face the consequences they created. The home is old and of little value, there is an underground fuel tank which still contains petrol and because of its age and being made of steel is collapsing and subsiding creating a very large hole and effecting the sub structure of the adjoining shed. I hope they realise the implications and cost involved in removing this tank and transporting this tank to the appropriate wast disposal in Melbourne plus the need to back fill the hole. Such a pity they didn't take more notice when dishing out inappropriate loans and listening to drive by property assessors with little or no knowledge of the area. Pity Nab never bothered to visit or contact us.
    Nab, you are a pack of delusional CLOWNS caught up in your own web of deceit.

  • doyla66
    doyla66 Monday, 16 September 2013

    Woohoo, Nanna! NAB were fools indeed from beginning to end. You've got the last laugh on them. Well done!
    Taking homes is pure vindictiveness - mindless bullying by unintelligent thugs for no useful purpose. It does NAB millions in lost business. They just can't see that or don't care. I hope so see them crying into their beers one day over what they did, how bad it feels to be on the receiving end of karma and whatever happened to their great NAB empire. They will get no sympathy or mercy whatsoever. Maybe we should be checking out the homes of the CEOs and working out what we could do with them when the world straightens up and their ill gotten gain is redistributed to those whom they defrauded without conscience. Maybe we'll let them take one pillow and a blankie to jail.
    I'm so looking forward to hearing from more of our overseas friends about their Loan Application Forms - and what's in them. I have a feeling that Denise was right on the nail when she mentioned the overseas loans some time ago.
    If Denise has cracked the code and uncovered the mechanics of the world wide scam she should get something like the Nobel Peace Prize. At least she would deserve it and would certainly have earned it.
    At the same time we're starting the timer on Wednesday - 100 days to the Banking Inquiry announcement by Joe Hockey.
    This is a very exciting time for generations of Australians who have been adversely impacted by the cruelty of banks, the death of loved ones through their misplaced trust in the financial advice of banks and the serious lack of competence and prudence in regulation and consumer financial policy over several decades. Not since the Great Depression has Australia needed such a comprehensive investigation and revision of every aspect of our banking policy. Through his promised Banking Inquiry one day at a time Joe Hockey is giving us hope to keep trudging through the muddied trenches and uphill EDR battles. :)

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