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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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BFCSA: Salvo's to the rescue of RHG victims, about to be thrown from their home

Posted by on in ROYAL COMMISSION URGENT
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From a reader:  Perhaps the glutton driven banksters could donate their illegally obtained wealth to some of the charity organisations that have been helping my family since RHG scammed me.  The Salvation Army are an amazing volunteer organisation that have helped my family with food vouchers and emotional support through this daily prison I am trapped in over the last few years!!!

I will never be able to accept the greed element of this scam?!?  I cannot believe the Government has sat on its hands and worried about far less important things when ordinary aussie battlers have been lured by BIG BANKS into fraudulent Low Doc Loans. $50 billion - is that true?  

So its not a problem?  ONLY $50 Billion worth of dud mortgages?!?  Yes we hung on for 5 years and slowly were strangled and running backwards, our dreams shattered and my kids saying what happens next Mummy?

I am about to write to the Prime Minister and tell him what happens next.

Ed:  Yes we have plenty of RAMS (KInghorn) victims and plenty of RAMS Westpac victims as members. RESIMAC has purchased RHG RAMS loanbook.   What a mess!   Do not sign any mortgage papers without speaking to us first!!!

18% of FULL DOCS are toxic

36% of loans were written by Banks Managers and Staff - no broker involved.  Someone is trying to bury the truth.  TRUTH always has delicious way of bubbling, oozing to the surface.  This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

 

 

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  • doyla66
    doyla66 Friday, 07 March 2014

    RAMS Westpac

    I'm reluctantly packing up my belongings too as my fight to keep my home is over.... Maladministration was found but the FOS max. compensation of $280K was eaten up by RAMS stalling tactics for 2 years. RAMS could have settled this matter back then.. instead of me enduring another 2 years living in limbo.. and another 2 years older!!

    I was scammed by RAMS Westpac.... They overvalued my property and lent against the asset..... and approved a jumbo loan against this. I have copy of LAF showing RAMS credit assessor did this. I was spruiked by their agent to refinance with RAMS.

    As well as stealing my home RAMS Westpac has $155K of my hard earned money paid to them after the "extra" they advanced to help with making repayments ran out.

    So I'm moving too .... no home, no $155K REFUND ....moving to who knows where now???

    Another financially ruined, middle aged person soon to be homeless.... How does that help our economy??

  • doyla66
    doyla66 Friday, 07 March 2014

    Duped

    Disgraceful, Government must step in now but it appears they have gone missing and gutless. Thinking of you arree, we will stick together and at some stage we will get our own back.

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Guest Thursday, 05 December 2019