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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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Life After Debt - UK woman's 4 year struggle with banks & system

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From "Life After Debt", chronicles the experiences of one UK borrower, Caroline. 

Her story sounds so like some of our stories - the frustration, the stupidity of government policy, the suffering inflicted on borrowers, the failure of FOS, the ignorance of the law and processes, the unfairness of the entire situation over a period of 4 years.

In Caroline's own words:

In October 2008 life as I knew it was over-turned with the discovery that my husband had concealed his failing business from me and, much to my horror, the price we were going to pay was our home, our livelihood and our financial future. Having since discovered irresponsible lending and the economic crisis were pivotal to our financial demise, I have spent the subsequent years attempting to understand the reasons behind the current recession while pleading for personal debt forgiveness from the too big to fail bank HBOS. This blog is an account of the many facets of this journey.

Please visit her site. http://lifeafterdebts.blogspot.co.uk/

 


Malice and Manipulation Aforethought

American business magnate, investor and philanthropist Warren Buffet once said, “Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects” and, as is the case with so many victims of the current global economic crisis, it seems unwelcome after-effects are precisely what those who have suffered at the hands of fraudulent banksters are expected to endure.

Read on: http://lifeafterdebts.blogspot.co.uk/2012/10/malice-and-manipulation-aforethought.html

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Comments

  • doyla66
    doyla66 Wednesday, 10 October 2012

    Thank you Lisa. Irresponsibility in the financial/white collar brigade appears to be the norm the world over these days & it commenced well & truly in the 1990's.

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Guest Thursday, 28 May 2020