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BFCSA: Who else has a Happy Loan Anniversary Card from RAMS?

Posted by on in Toxic Financial Products
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Comment by arree Monday, 24 March 2014                          

" disgusting and appalling, unaustralian and UNBELIEVABLE!.. then again, not so unbelievable now that we know that we borrowers have been scammed all along, thanks to BFCSA and Denise Brailey.

No one inside one bank department knows what the other ones are doing... eg. today I received a greetings card from RAMS stating "Happy Loan Anniversary" !!...

Our maladministration in lending complaint against RAMS is with FOS and we have not paid RAMS a cent for 2 years whilst under investigation and we have been living in our home.

RAMS is playing games and stalling proceedings so that the interest just keeps piling up. RAMS has put a proposal to us which could have been put to us 2 years ago if they had of agreed to meet with us, and we would have gotten on with our lives instead of living in limbo.

Now the $280K maximum compensation that FOS currently has as it's terms of reference is all eaten up by RAMS stalling tactics. RAMS claw back our home and we are left with nothing.. not even reimbursed the hundreds of thousands of dollars we have paid over the years to RAMS in good faith. We should never have been approved in the first place.

Banks cannot profit from a FRAUD... yet they have been allowed to do so for years... and are still at it !

Now we know, what you banksters have been up to... now I would like to know what Mr Abbott et al will do about it to make things right ... past and present wrongs?"

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  • doyla66
    doyla66 Monday, 24 March 2014

    I can agree with this post. Each month for over 4 years now we still receive a statement from Nab. Each month the interest compounds and is now more than $750K outstanding. Each month we receive a letter from Nab referring to the new interest rates for the business loan for the following month again some 4 years on. Nab won their case against us in June 2012 in the Supreme court in Melbourne and provided a statement of claim. We left our home accompanied by the Sheriff, the Real estate agent, The Mortgagee agent for Nab and the Local Locksmiths, late May 2013. The house sold in November 2013, it sold for 125% less than valued by Nab in 2007. The gentleman and I use that word sparingly paid cash for the property. We have not had any communication from Nab in regards to the house sale, but I imagine when the legal fees, Mr. Segal fees, court fees, real estate agents fees, mortgagee agents fees, maintenance fees for the in between timeframes are deducted from the sale price there will be very little left to deduct from the so called outstanding debt. So with total uncertainty we still face the future. Four years is a long time out of your life when you are well in your sixties. In 2009 we made an offer to repurchase our own home. We knew we could afford the payments on what little money we had left and on our income, now the amount Nab will get out of this sick joke is well and truly less than our offer 4 years on. Doesn't that show Nab's stupidity. !!!! You Greedy Fools Nab. Wonder what the Shareholders would think of your logic, especially considering it was a fraudulent loan in the first place.

  • doyla66
    doyla66 Monday, 24 March 2014

    This is totally an absolute disgrace to allow innocent consumers to be treated this way. What are the Politicians thinking and when are they going to long more do we have to live in uncertainty? Isn't 5, 6, or 7 years enough hell to live through? Is Alan Jones going to get involved? i sure hope so. Are the findings of the Senate Inquiry going to benefit us? i sure hope so and will it lead to a Royal Commission? I agree Arree this is so unaustralian and it's obvious that the person who sent the card has no idea of the fraud that is happening in their own place of employment. "Mr Abbott it's not only the banks who are committing fraud but also the courts their Lawyers and Judges" It's about time they were all investigated. Our Government is allowing these criminals to illegally take homes and so far there is not a person in sight who gives a damn.

  • doyla66
    doyla66 Monday, 24 March 2014

    It's an insult to put it mildly and the transparency once you know what hollow pillars they all are and the audacity of what they are now doing is mind boggling, more so knowing they are able to continue to get away with it. All now trying to earn the respectibility they feel they deserve poor things, aided and abeted by ASIC of course!

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