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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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Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

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Low Doc/No Doc Loans - Slavery Loans

Posted by on in Bankers A Law Unto Themselves
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Watch out Australia (and anyone listening) we are under attack from your local Bank, yes you can believe this for it is true!!The Banks NOW TEACH Mortgage Brokers how to secure your mortgage illegally. The Bank/Broker manipulates you to sign papers thinking that you're getting a better deal when in fact the BANK is STEALING your home from under you with the stoke of a pen, and it isn't yours - and when you realise what has been done and try to defend yourself you are considered a LIAR and STUPID!!

I hope that all who read this will be FORWARNED - tell your spouse, family and close friends not to trust THE BANK with what you hold dear - your family, spouse or home.  There is no such thing as an HONEST Banker/Broker.  Always get a copy of your LAF Form (Loan Application Form) and keep it safe! This will prove your innocense. For without it the courts turn their banks on you and the BANK WINS your home as a CASH PRICE!! All because you thought you entered a NORMAL BANK LOAN.

Please pay attention or you will end up like us -

Jimmy

 

 

 

 

 

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  • doyla66
    doyla66 Friday, 10 August 2012

    Are you speaking from experience Jimmy? If so, you might want to consider emailing your story to the Sentors who heard Denise's submission on Weds 8 Aug ieBushby, Eggleton, Cameron & Williams (their email addresses are in other bloggs on this site) + call for a Royal Commission.

  • doyla66
    doyla66 Friday, 10 August 2012

    Hi Jimmy, so true. All these problems flow from one normal loan.

  • doyla66
    doyla66 Friday, 10 August 2012

    Ours only started from a car loan which has been paid in barely 2 yrs ...then the bank claimed there was a redraw and another loan in 2009 25k, half of this amount bank said was used to repay an old loan, *(why CBA cant show until now proof of this repayment I dont know when all the documents they sent me under the guise of LAF looks incorrect anyway) ..And now bank is threatening us to sell our property to collect loan payment, and the reason why it deffered this action is because of our ongoing complaint with FOS... this is going to be another sad story w/ FOS..:(

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