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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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i had a dream the bank set it up to take it away low doc inaffordable

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BFCSA: Eldiablo! I had a dream! THE AUSSIE BANK set me up via MOBILE BANK BROKER to take it away low doc inaffordable

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Well i have never used social media or as such never read blogs let alone created one but here we are all starting out on this journey into the unknown and untrusted. im pushing 60 and have always been technology minded and used everything except social media and blogs, never thought much

them as i always thought what do i need other peoples opinions for that is until i have been hit with this injustice to a mega degree in Australia who would of thought that after america and sub prime that good old Aussie banks with the customers best interest in mind would do this and with blessing for the powers at be to place pensioners and near pensioners in such a state where the banks due to the greed and imprudent lending practices can take away our homes in a blink of an eye.

Now im no rhode scholar or anything of the sort and i had an idea i was in business for myself a small business employing myself 7 days a week for 16 hours a day and 3 other part time ladies who would not normaly be able to get a job that suited the childrens hours but i digress i wanted to buy a new home and i approached my existing bank for a small $30K loan to go with what i had saved to buy a new home for me and my famiily. the rejected that and said i could not afford the extra loan, thats when it started the real estate broker said i know a bank and staff member who can get it through as he didnt want to loose the sale. so the bank mobnile lender phoned me and said dont use your capital keep it and i will get you a $207K loan discussions took place over the phone i filled in a LAF as i was walked through what to put on it (leaving out some other loans and credit cards debts) as instructed.

Bang the loan was approved in 30 minutes, i was sent to the local branch the next day to sign forms and so it began. 2 months after this loan started i was having trouble meeting the payments but struggled on and eventually sold the business using some of the money to buy a new business and supporting the loan payments with the balance. 3 years later dire finance straights started occurring i had run out of the balance of the sale of the business and was struggling to meet payments. i contacted the staff mobile banker to see if i could change things around of course that person had left the bank and i explained to the replacement and as this was around 2008 and the mobile bank broker asked if times would get better in the business and i said i hoped and felt an improvement was coming so it was suggested why not expand and create more and was assured that another loan could be secured to do this.

I caught up in it all said i cant afford the loans debts and credit cards i have i was then assured that the loan would go through easy an extra credit card to help with the slow times would be available, so the next thing i know im in a branch again signing the forms, a little concerned about meeting the payments but was assured that it would be ok in the end i now had a large mortgage a large second mortgage (interest Only) 10 credit cards 2 car payments and 2 personal loans and the if i was able to pay the mortgages they due to expire in 35 years or so 1 may be paid out but the other an interest only due in full. to say the least business didn't improve enough as needed and within 3 months i was in even more trouble i then had to use the second loan money to pay the payments of the first loan and the other debts. i spoke to the hardship team and was granted 6 months stay of execution to try and get on top but that only existed the problem as they kept adding interest to the capitals late fees and account fees. i was off the hardship now and business had improved a little it was not enough i kept paying the payments from the second loan ton to the others until November last year i ran out of money i contacted the bank and told them everything that i was trying to get a job as i had lost the business and everything else except the house but being nearly 60 i was having a hard time they said we will put you on hardship again to give you time to get your act together this was a little easy i am of the hardship now and they started the phone campaign and i joined Denise at BFCSA and have started my campaign against the loans.

Unfortunately in November last year i was diagnosed with an aggressive cancer and in February had my right kidney removed. this was supposed to help me but i have since developed cancer in two other places and are awaiting treatment for those. i have also been diagnosed with extreme anxiety disorder, depression, bipolar 1 and ADHD with ocd. that brings me up tp date to somewhat of a degree I am following Denises letters etc in addressing my case of maladministration with the bank i have sent letter to the bank lodged complaint with FOS given a compliant number received letter back from bank deny everything and not their practice to follow up on these sort of matters i have now contacted FOS and been give a contact to send information to and there we are sorry for war and peace(copyright reserved) of a blog but what a saga if i presented this as a soap opera to the tv stations they would reject it as so total ally unbelievable. to any one who reads this stand by i will keep it updated and keep it a little shorter in future. many thanks to denise for her help and although it may be too late for me my thoughts are with all who are going through this in my days it united we stand together we fall but we shall not fall eldiablo!


sorry tried to add in comments nut wouldnt let me show edit original publish here below thanks to all that are leaving comments lets work out whats next!!!!!

eldiablo here


thank you for reading my blog story in response to which bank WESTPAC the one and only have created this maladministration debark-le it is only if we all stand together that our voice will be heard. if it was once said that the meek will inherit the earth then i for don't mind being meek and stopping this crime against us all we shall be heard we shall create a diference we shall have all this wrong doing reversed and the banks have to in the very least take the hit for the loans  it not not like they didn't profit from us all in taking our money and lively hoods now its time for their compassion to be shown and secure our future for once and all so we can live out our final years without this debt, pain and suffering. so i say to all the banks out there that have used these low doc loans and maladministration or not but have put us in this situation to now front up with the right thing all there adds say similar our customers come first our customers make us great out customers etc etc well your customers are in distress fix it now i call for all these loans to be dismissed all the people affected to be able to finish their live in peace and harmony goodness knows we are doing it tough anyway wow i am pretty sick but not sick enough for centrelink to look after me what is we work all our lives paid taxes we built these cities we built these banks and their billion dollar profits and they have just taken it from us because as far as they are concerned we are tan amount to nothing there are plenty more suckers out there to do this to. this is like all the scammers that shows like current affair expose and everyone goes awwh then everyone moves on the serial scam artists but the banks in there billion dollar monolithic profits and ivory towers just keep doing the same. well last time i looked ivory was illegal so in logic thinking if ivory is illegal the banks reside and operate in their billion dollar ivory monolith towers is in not fair to assume what they have done is illegal i know its a far fetched link but think about its true they are so far away from the reality of the mum and dad customers. we of this the baby boomer generation and beyond behind and into the future deserve to be treated with respect not as numbers on a spreadsheet to rip us off and repossess. sorry when i get started on my orange box its hard to slow down thanks from eldiablo by the way in Brisbane area QLD

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  • setup
    setup Tuesday, 26 August 2014

    Hi eldiablo, sorry to hear of your terrible situation and also of your many health issues making everything so much harder to bare. They target the vulnerable and ARIP to line their own pockets at our expense. These unethical lending practices have been given the green light by our gutless Politicians who have the power to remedy this whole mess but refuse. They want our vote but don't care a damn about our well being. The poor become poorer and then are punished by the illegal and reckless lending practices of the rich and powerful banks. Eldiablo, have you sent in your Submission to the Murray Inquiry? They must be in by today 26 August 2014 but i think they are prepared to extend the time limit slightly.

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  • NABbed Nanna
    NABbed Nanna Tuesday, 26 August 2014

    The more people come forward like you have the better for all of us members. What a tragic story Eldiablo. All our stories are so familiar and alike you would swear we all collude like the Banker Lenders, which is impossible. We do not know each other or even where we are all located, but the pattern and circumstances form systemic maladministration within the the complete Lender industry and predominantly stand out. Take heart you are not alone. We are all fighting the same battles. Good Luck with your health issue.

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  • NABbed Nanna
    NABbed Nanna Tuesday, 26 August 2014

    You did not mention which lender you became involved with. Guessing one of the Big 4. Don't worry about dropping their name.

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  • Aries
    Aries Tuesday, 26 August 2014

    "They have the customers best interest in mind" that made me laugh.
    They are parasites, leeches, bleeding the Aussie battler for every cent until they are on their knees begging.
    Hardship help my butt, those mongrels give nothing. Don't be fooled.
    Banks deny everything and not their practice to follow up on anything, this is because they know the loan
    forms are fudged, if you haven't been given a copy this is the reason why.
    Denise has got copies of hundreds and all are bodgy.

    Reply Cancel

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