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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 on Channel Ten - Banksia Financial Collapse

Posted by on in Fraudulent Loan Apps
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Channel Ten's Ron Wilson interviews BFCSA for the morning news, Thursday 18th October, after overnight collapse of Banksia Financial:

Youtube Video Link here

It just occurred to me that maybe it is some kind of sick joke that they are called BANKsia...

 

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  • doyla66
    doyla66 Monday, 29 October 2012

    Thanks STM for the link to the video and also for doing a very helpful interview - lets hope that many of these victims will see it and find their way to us.

  • doyla66
    doyla66 Monday, 29 October 2012

    I actually saw this online on thursday. A very good interview STM and good on Channel 10 for giving BFCSA the attention it deserves

  • doyla66
    doyla66 Monday, 29 October 2012

    Well done, Helen! You did a great job with the live cross and questions on camera. Not an easy job at all.
    I hope that reached the poor souls caught in this latest financial crash.
    I was wondering how the Banksia folk found out about the collapse? Was it by letter, or in the papers?
    One day maybe as soon as a company collapses a list of all the people involved will be sent to a secure unit who will be permitted to contact every investor and ensure that they're supported in the community or that someone caring is with them when they get the bad news.
    Truly is it akin - in terms of the shock to the mind and body - of learning of the death of someone close, and in some situations it has far more serious consequences. Bad news should be handled with similar of care and concern by those sharing the news.

  • doyla66
    doyla66 Monday, 29 October 2012

    Plenty of people must have seen this,as the hits on the website have escalated considerably in the last few days.
    Great interview.

  • doyla66
    doyla66 Tuesday, 30 October 2012

    You did well in the interview. Thanks for the link to the video STM

  • doyla66
    doyla66 Tuesday, 30 October 2012

    ...very well done STM ....the Force is with us....

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