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BFCSA
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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: Ireland's Household Debt Crisis - far from over

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Ireland's Household Debt Crisis Still Far From Over

Many Irish homeowners are finding it difficult to make their mortgage payments:  Wall Street Journal 21 Aug 2013

DUBLIN—Ireland is set to end its three-year reliance on international aid at the end of this year, but that achievement will be of little immediate benefit to many Irish people trapped with home loans they will likely never be able to repay.

The painful legacy of the property market and banking collapse that forced Ireland to seek a €67.5 billion ($90 billion) bailout from the European Union and the International Monetary Fund has left house prices at nearly half their boom-time levels of 2007, according to official data published this week.

Many Irish homeowners are finding it difficult to make payments.

http://online.wsj.com/article/SB10001424127887324619504579026503688410162.html

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  • doyla66
    doyla66 Sunday, 15 September 2013

    While there's some consolation in knowing we're not alone, the depth and extent of the dirty lies and tricks played on the Irish homeowners and borrowers by their government is atrocious.
    Little wonder their distress and disgust has over flowed until they have had to take direct action any way they can against the grubs.
    The govt only have themselves to blame. A right royal con job played on their people. The Irish situation is a seedbed for civil war.

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Guest Sunday, 17 November 2019