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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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RADIO- Sydney 2GB BREAKFAST SHOW WITH ALAN JONES

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Alan Jones absolutely livid with the new credit rules effective as of today, 5 days late and black mark

against you. Also, he stated as to how this will effect mortgage borrowers because of improper lending practices

by the banks. Borrowers loaned up to 100%, borrowers who have been lent beyond their capacity to repay, banks lending

without any prior checks on customers.

This segment started approx 8.25am Sydney time 12/3/14, he said he will continue with it tomorrow.

Show recorded.

Very interesting!

 

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  • doyla66
    doyla66 Wednesday, 12 March 2014

    Is this where Aussies are heading?........
    The recession ravaged many Americans’ credit scores to the point that now 56% percent have subprime credit.


    Nearly Half of America Lives Paycheck-to-Paycheck
    http://time.com/#2742/nearly-half-of-america-lives-paycheck-to-paycheck/
    The economic picture is looking brighter these days. But as evidenced by a report out Thursday from the Corporation for Enterprise Development, nearly half of Americans are living in a state of “persistent economic security,” that makes it “difficult to look beyond immediate needs and plan for a more secure future.”

    In other words, too many of us are living paycheck to paycheck. The CFED calls these folks “liquid asset poor,” and its report finds that 44% of Americans are living with less than $5,887 in savings for a family of four.
    The plight of these folks is compounded by the fact that the recession ravaged many Americans’ credit scores to the point that now 56% percent of us have subprime credit.
    That means that if emergencies arise, many Americans are forced to resort to high-interest debt from credit cards or payday loans.
    And this financial insecurity isn’t just affected the lower classes. According to the CFED, one-quarter of middle-class households also fall into the category of “liquid asset poor.”
    Geographically, most of the economically insecure are clustered in the South and West, with Georgia, Mississippi, Alabama, Nevada, and Arkansas being the states with the highest percentage of financially insecure.

    time for another scotch........

  • doyla66
    doyla66 Wednesday, 12 March 2014

    gfs246

    Hi Ali, I know where you are coming from.
    Its hard for my dad to get his head around it but slowly he is understanding it.
    and dose nothing but support me in this journey.
    How sad for those who have be abandoned by family at the banksters greed. I find that really heart breaking.
    If i didn't have my dad & brothers support this would be so much worse for me. xx

  • doyla66
    doyla66 Wednesday, 12 March 2014

    Not just credit card Ali, any bill you have, except for utilities (they are trying to include those as well).

    Mind you the Government themselves are on 30 days or more before they pay any business.

    If you can listen to him on 2GB, stay tuned.

    Alan Jones is absolutley aghast with this, said he will be getting in touch with Joe Hockey.

    Send in your story ASAP, I think the bank fraud we are involved in will shock even him.

  • doyla66
    doyla66 Wednesday, 12 March 2014

    Hi Transformation,

    Denise posted it .......ASIC PETER KELL etc.

  • Guest
    Marilyn Reynolds Tuesday, 03 December 2019

    Robot reporting

    Dearest Alan ,So sorry to take up your valuable time ,but I heard on your show recently about how the Taxation Office can just choose at random whom they chose to pull over the coals I am a special needs aide ,2 days a week and the asked for all of my pau summaries from2014 IT was a mammoth task ,but I handed it all in ,only to be told I owed them $1,750 .I had done everything they had asked ,but I could not afford to challenge so now aim paying Off money I never had Then it happened again recently and I had to go through it again I am69,still working ,but this time it really took a toll on my health .Then I was told it was not necessary,ALan what is the name of the man to whom I should address my letter to help me if I want to question the Tax Offices decision.MERRY CHRISTMAS to you ,Met you once at Gosford at the waterfront and you were so generous withyour time All my love Marilyn Reynolds xxxxxxxxxx

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