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BFCSA
MORTGAGE
DISTRESS SOS

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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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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: NAB desperate and handing over $1000 cash to Borrowers to sign dodgy mortgages. Warning Bells

Posted by on in ROYAL COMMISSION URGENT
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Do not fall for this ruse.  If you have just signed up, we suggest you IMMEDIATELY demand the bank's COPY OF YOUR LOAN APPLICATION FORM (11 pages).  Send to us if you think there are misstatements on there after you signed and without your knowledge or consent.  The Lair Loan Mortgage Scandal has suffered a dent and why banks are getting desperate.  Yes a $100 cash looks inviting but trust me not the Bank, it will be padded in elsewhere.  Want to know where?  Email me!  This email address is being protected from spambots. You need JavaScript enabled to view it.  Where is ASIC?  Snoozing as usual?  Muddled Medcraft will just stand up for their bank mates and say its "marketing."

Just as well we are on the ball and the Australian Broker News.  Meanwhile I will continue cleaning up the NAB messes that clutter my desk:  $400,000 buffer propped up "30 year" loans that become $600,000 in four years and implode under the weight of high interest, extra fees and charges and finally implode in 5 years.  See The Reasons for signing our PETITION on change.org.  The Major Banks boast 85% market share of toxic loan approvals.

Sign in now:

 

https://www.change.org/p/mr-david-murray-chairman-of-the-financial-system-inquiry-recommend-an-urgent-royal-commission-into-australian-banks-australian-non-banks-collapsed-companies-the-regulators-asic-apra-and-all-subsidiaries-and-joint-partners

Major bank offers $1,000 home loan sweetener

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by Adam Smith | 22 Sep 2014
 
A major bank will begin handing cash incentives to borrowers as home loan competition heats up.

NAB will begin offering a $1,000 cash incentive for new home loan customers, Fairfax has reported. The cash incentive will be offered on a pre-loaded EFTPOS card, and will be available for home loans of at least $300,000.

This offer is also extended to newNAB home loans settled through their broker network.

"The roll out of this offer to NABBroker is fantastic news for us and our brokers as it demonstrates the benefits of the Homeside to NABRebrand, which is enabling us to pass this great offer on to our brokers and their customers," a spokesperson for NAB toldAustralian Broker

NAB group executive for product and markets Antony Cahill said the offer differs from a rebate, and can help borrowers with expenses involved in buying a new home.

"An extra $1000 in the pocket this spring can help cover any unexpected costs that can crop up in the process of moving," Cahill told Fairfax.

Cahill told Fairfax the initiative would help grow the bank’s market share during the busy Spring selling season.

 
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Comments

  • NABbed Nanna
    NABbed Nanna Monday, 22 September 2014

    DO NOT TRUST THE NAB. Do not fall for their fraudulent ways. This offer is an absolute insult to consumers. Do Nab really believe that Consumers will not work out this ruse. There is nothing for nothing in this world isn't that what is said and "If it seems to good to be true then it isn't."
    Good grief I cannot believe the hide of Nab. Please everyone do not listen to Nab's hype. I like thousands of others have been burnt and are now homeless. ANTHONY CAHILL should have his mouth washed out with soap and immediately sent to jail and do not go past go. If you'd like Mr. Cahill, get your prospective loan applicants to phone me I would be more than happy to explain how Nab work there web of deceit. Not sure Nab would end up with to many loan offers though. I could make a list which would be pages long of the atrocities we had had to endure at the hands of Nab. The lies, the alterations, the concealment, the falsifications,blah blah. The persecution, immoral and illegal conduct of Nab employees and agents, none of which have the decency to even apologise is truly unbelievable. I am not exaggerating. I really do not have a good word to say about Nab. !!!!!!

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  • kddeed
    kddeed Tuesday, 23 September 2014

    Westpac are just as bad, all tarred with the same brush!!!!

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